UPDATE: Piper Jaffray Upgrades Fabrinet to Overweight on Carrier Capital Spending Outlook
Piper Jaffray upgraded Fabrinet (NYSE: FN ) from Neutral to Overweight and raised the price target from $14.00 to $16.50. Piper Jaffray noted, "We believe FN is in closer proximity to growth in carrier capital spending and the 100G upgrade cycle,
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