UPDATE: Stifel Raises PT on Finisar Following F1Q14 Results Report

In a report published Friday, Stifel analyst Patrick Newton reiterated a Buy rating on Finisar Corporation (NASDAQ: FNSR ), and raised the price target from $27.00 to $31.00. In the report, Stifel noted, “Finisar's F1Q14 (July) results provided little surprise given the company's positive pre-announcement on August 6th with revenue