Needham Maintains Buy on Fabrinet, Raises Price Target to $150
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson maintains a Buy rating on Fabrinet (NYSE:FN) and raises the price target from $120 to $150.
June 12, 2023 | 10:29 am
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Needham analyst Alex Henderson maintains a Buy rating on Fabrinet and raises the price target from $120 to $150.
The news of Needham maintaining a Buy rating on Fabrinet and raising the price target from $120 to $150 is positive for the company's stock. This indicates that the analyst believes the stock has potential for further growth and is likely to attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100