Barclays Maintains Overweight on Ciena, Lowers Price Target to $66
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Tim Long maintains an Overweight rating on Ciena (NYSE:CIEN) but lowers the price target from $74 to $66.
June 07, 2023 | 10:26 am
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Barclays maintains an Overweight rating on Ciena (NYSE:CIEN) but lowers the price target from $74 to $66.
Barclays analyst Tim Long maintains an Overweight rating on Ciena, indicating a positive outlook for the stock. However, the lowered price target from $74 to $66 suggests a reduced upside potential. This news may have a neutral short-term impact on CIEN's stock price as the positive rating is counterbalanced by the reduced price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100