UPDATE: Jefferies Upgrades Finisar After Data Center Checks
October 08, 2013 at 10:56 AM EDT
In a report published Tuesday, Jefferies analyst James Kisner upgraded the rating on Finisar Corporation (NASDAQ: FNSR ) from Underperform to Hold, and raised the price target from $11.50 to $22.50. In the report, Jefferies noted, “We're upgrading FNSR from Underperform to Hold driven by 2 key factors: 1) our