B. Riley Securities Maintains Neutral on Fabrinet, Raises Price Target to $196
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Neutral rating on Fabrinet (NYSE:FN) while raising the price target from $171 to $196.
August 20, 2024 | 1:23 pm
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B. Riley Securities has maintained a Neutral rating on Fabrinet but increased the price target from $171 to $196, indicating a positive outlook on the stock's potential value.
The increase in the price target from $171 to $196 suggests that the analyst sees potential for the stock to appreciate, which could positively influence investor sentiment. However, the Neutral rating indicates a balanced view, suggesting that while there is potential upside, there may also be risks or uncertainties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100