Finisar Corporation (FNSR)

[Kirk]

B Riley analyst slashes price target for Finisar
http://money.msn.com/business-news/article.aspx?feed=AP&date=20120612&id=15214497

June 12, 2012 1:05 PM ET

"Although the company believes its new products will enable the company's top-line to grow in the second half of calendar year 2012, it remains to be seen, as it is very difficult for new products to show traction during downturns," Kang wrote in a note to investors.

The analyst backed his "Buy" rating citing Finisar's current valuation, but cut his price target to $18.70 from $27.20, saying that the company's profits for fiscal 2013 and fiscal 2014 will be lower than he previously expected.

NAME	LAST	CHNG	% CHNG 
 FNSR	13.31	-0.62	-4.45