As previously reported, Wolfe Research upgraded Fabrinet (FN) to Outperform from Peer Perform with a $540 price target With the whole data center ecosystem looking to diversify and scale their supply bases “massively,” the firm sees “lots of business that can potentially accrue to the company right now,” calling the current state of the industry “a great environment for Fabrinet.”
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Read More on FN:
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- Fabrinet price target raised to $452 from $366 at B. Riley
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