Lake Street analyst Troy Jensen raised the firm’s price target on Fabrinet to $165 from $130 and keeps a Buy rating on the shares after the company reported “solid” fiscal Q4 results. The firm believes now is “a great time for investors to start building or adding to positions” given its conviction regarding Fabrinet’s leadership position in this market and “a strong track record of growth and profitability,” the analyst says.
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- Fabrinet price target raised to $165 from $150 at Needham
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- Fabrinet management to meet with Northland
- Fabrinet jumps 13% to $132.00 after Q4 earnings beat
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