Needham Maintains Buy on Ciena, Lowers Price Target to $60
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson maintains a Buy rating on Ciena (NYSE:CIEN) but lowers the price target from $70 to $60.
June 07, 2023 | 10:46 am
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NEUTRAL IMPACT
Needham analyst maintains Buy rating on Ciena, but lowers price target from $70 to $60.
The news directly mentions Ciena (CIEN) and its lowered price target. While the Buy rating is maintained, the lower price target may cause some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100