B. Riley Securities Maintains Neutral on Fabrinet, Lowers Price Target to $171
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Dave Kang maintains a Neutral rating on Fabrinet (NYSE:FN) and lowers the price target from $173 to $171.
May 07, 2024 | 4:51 pm
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B. Riley Securities maintains a Neutral rating on Fabrinet and lowers the price target from $173 to $171.
The adjustment in price target by B. Riley Securities reflects a minor revision in their valuation of Fabrinet, likely based on recent performance or market conditions. The maintenance of a Neutral rating suggests that the analyst sees neither significant upside nor downside risks in the near term, indicating a stable outlook for the stock. The slight decrease in the price target might have a marginal negative impact on investor sentiment, but given the small adjustment, the overall impact on the stock's short-term price movement is expected to be neutral.
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IMPORTANCE 75
RELEVANCE 100