Fabrinet Ordinary shares are trading higher after Northland Capital Markets upgraded the stock from Market Perform to Outperform and raised its price target from from $200 to $220.
Portfolio Pulse from Benzinga Newsdesk
Fabrinet's stock (FN) is trading higher following an upgrade by Northland Capital Markets from Market Perform to Outperform, with a raised price target from $200 to $220.
March 21, 2024 | 2:44 pm
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POSITIVE IMPACT
Fabrinet's stock received a positive outlook from Northland Capital Markets, upgrading it to Outperform and increasing the price target to $220.
The upgrade by Northland Capital Markets to Outperform and the increase in price target to $220 directly impacts Fabrinet's stock by potentially increasing investor confidence and demand for FN shares. This positive analyst rating and higher price target suggest a strong growth outlook for the company, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100