From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 30s
Fabrinet Shares Drop 9.0% After Price Target Cut
Susquehanna slashes Fabrinet's price target by 29.4%, triggering 9.0% share decline.
In brief
Susquehanna slashes Fabrinet's price target by 29.4%, triggering 9.0% share decline. Susquehanna reduced Fabrinet's price target from $850 to $600, causing shares to drop 9.0% to $324.03. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Price Target Cut
Susquehanna slashed Fabrinet's price target by 29.4% from $850 to $600.
“susquehanna slashed its price target on the electronic components maker by 29.4%”
Share Decline
Fabrinet shares tumbled 9.0% Thursday to $324.03.
“fabrinet shares tumbled 9.0% Thursday to $324.03”
Market Reaction
Trading volume reached 132,923 shares as the stock shed nearly a tenth of its value.
“trading volume reached 132,923 shares as the stock shed nearly a tenth of its value”
Here's the gist
Susquehanna reduced Fabrinet's price target from $850 to $600, causing shares to drop 9.0% to $324.03.
