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Enter Symbol:
Rating: FN
Hold

Fabrinet (NYSE: FN) downgraded to Hold by Needham

Tuesday,  May 6, 2014  12:00 AM ET by Betsy O'Brien Harrison

Needham downgraded Fabrinet (NYSE: FN) to Hold. Previously Needham
downgraded to Fabrinet (NYSE: FN) to Buy with price target $23 on 11/05/2013, when the stock price was $19.23.

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.



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