JP Morgan Maintains Neutral on Fabrinet, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains a Neutral rating on Fabrinet (NYSE:FN) but raises the price target from $240 to $285.
August 20, 2024 | 2:24 pm
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JP Morgan has maintained a Neutral rating on Fabrinet but increased the price target from $240 to $285, indicating a positive outlook on the stock's potential value.
The increase in price target from $240 to $285 by JP Morgan suggests a positive outlook on Fabrinet's future performance, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100