Raymond James Upgrades Finisar (FNSR) to Strong Buy, Admits To Envisioning "significant upside potential"

Raymond James upgraded Finisar (NASDAQ: FNSR) from Outperform to Strong Buy with a price target of $40.00.

Analyst Simon Leopold comments "We are not blind to Finisar’s execution missteps; however, we believe issues are either misunderstood or exaggerated. We see upside to estimates from several sources including resolution of issues with a top customer, 100G data center, and 3D sensing. Next week’s OFC optical trade show presents an opportunity to hear more about the optical market, and we are optimistic."

For an analyst ratings summary and ratings history on Finisar click here. For more ratings news on Finisar click here.

Shares of Finisar closed at $26.98 Friday.

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