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Enter Symbol:
 
Fabrinet (FN) [hlAlert]

Rating:
Buy FN
down 12.28 %

Fabrinet (FN) upgraded to Buy with price target $28 by Needham

Posted on: Wednesday,  Dec 16, 2015  8:25 AM ET by Needham

Needham rated Buy Fabrinet (NYSE: FN) on 12/16/2015, when the stock price was $22.46. Since then,
Fabrinet has lost 12.29% as of 01/20/2016's recent price of $19.70.
If you would have followed this Needham's recommendation on FN, you would have lost 12.28% of your investment in 35 days.

Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, final assembly and test. It focuses primarily on low-volume production of a range of high complexity products, which it refers to as low-volume, high-mix. The Company?s direct and indirect subsidiaries include Fabrinet Co., Ltd., (Fabrinet Thailand), Fabrinet USA, Inc., FBN New Jersey Manufacturing, Inc., Fabrinet China Holdings, Fabrinet Pte., Ltd. and Fabrinet AB.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2015 8:25 AM Buy
None
22.46 28.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD down  -7.63 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/6/2014 12:00 AM Hold
None
18.99
11/5/2013 8:25 AM Buy
None
19.23 23.00
2/5/2013 8:25 AM Buy
None
15.92 18.00
11/6/2012 8:25 AM Buy
None
11.89 14.00
7/13/2012 8:25 AM Hold
None
11.50

(*) Stock Price at the time of the recommendation.
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