Jefferies Downgrades Finisar To Hold, Shares Fall

Analysts at Jefferies downgraded Finisar FNSR from Buy to Hold. The target price for Finisar has been lowered from $25 to $19. Finisar shares have dropped 3.97% over the past 52 weeks, while the S&P 500 index has surged 22.17% in the same period. Finisar's shares fell 1.08% to $20.09 in pre-market trading.