Corning downgraded due to high valuation; Fabrinet downgraded on limited visibility: JPMorgan [Seeking Alpha]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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US:NYSE Investor Relations:
investor.fabrinet.com/investor-relations
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Source: Seeking Alpha
However, the financial firm increased its price targets, bumping up Corning to $175 from $115 and Fabrinet to $700 from $530. Both stocks were down during Thursday market trading. Fresh Stock Ideas, Every Day Quick Insights J.P. Morgan cited Corning's high valuation creating a difficult execution hurdle and limited margin for error as key reasons for the downgrade, even as they increased the price target due to higher revenue estimates. Fabrinet's downgrade was based on choppier near-term customer ramps and limited visibility into new customer opportunities, but estimates were raised due to positive long-term growth in optical revenues and manufacturing expansion. Raised revenue and EPS estimates signal confidence in long-term growth, but execution and near-term uncertainties limit immediate upside, leading to Neutral ratings for both Corning and Fabrinet. Recommended For You More Trending News
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News
- Is It Too Late To Consider Fabrinet (FN) After A 276% One-Year Surge? [Yahoo! Finance]Yahoo! Finance
- Fabrinet (FN) was downgraded by JPMorgan Chase & Co. from "overweight" to "neutral". They now have a $700.00 price target on the stock.MarketBeat
- Fabrinet (FN) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b-)" to "hold (c+)".MarketBeat
- Fabrinet Faces Headwinds That Could Push It Toward $440.94 From $554.35 [Yahoo! Finance]Yahoo! Finance
- Fabrinet (FN) was downgraded by Zacks Research from "strong-buy" to "hold".MarketBeat
FN
Earnings
- 2/2/26 - Beat
FN
Sec Filings
- 3/26/26 - Form SCHEDULE
- 2/27/26 - Form 4
- 2/25/26 - Form 144
- FN's page on the SEC website