Needham Maintains Buy on Fabrinet, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Fabrinet (NYSE:FN) but lowers the price target from $230 to $220.

March 22, 2024 | 1:36 pm
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Needham maintains a Buy rating on Fabrinet but lowers the price target from $230 to $220.
The adjustment in price target by Needham reflects a slight change in their valuation of Fabrinet, possibly due to updated financial projections or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The reduction in price target might cause short-term concern among investors, but the reaffirmation of the Buy rating suggests underlying strength in Fabrinet's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100