Raymond James Maintains Strong Buy on Ciena, Lowers Price Target to $63
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Simon Leopold maintains a Strong Buy rating on Ciena (NYSE:CIEN) but lowers the price target from $70 to $63.
June 07, 2023 | 7:59 am
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Raymond James maintains a Strong Buy rating on Ciena, but lowers the price target from $70 to $63.
The news indicates that Raymond James still has a positive outlook on Ciena, maintaining a Strong Buy rating. However, the lowered price target from $70 to $63 may cause some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100