Morgan Stanley Maintains Equal-Weight on Ciena, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall maintains an Equal-Weight rating on Ciena (NYSE:CIEN) and lowers the price target from $57 to $53.
June 06, 2023 | 5:27 pm
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Morgan Stanley maintains an Equal-Weight rating on Ciena and lowers the price target from $57 to $53.
The news directly mentions Ciena and the lowered price target by Morgan Stanley. However, the Equal-Weight rating suggests a neutral stance on the stock, which may not have a significant short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100