UPDATE: Jefferies Upgrades Finisar
February 11, 2014 at 14:09 PM EST
In a note issued Tuesday, Jefferies CFA James Kisner upgraded Finisar (NASDAQ: FNSR ) from Hold to Buy. Kinser paired this upgrade with a raise to the price target from $24 to $30. Kinser justified this adjustment stating, "Given our checks suggesting very strong demand trends in data center optics
