Rosenblatt Maintains Buy on Ciena, Lowers Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Mike Genovese maintains a Buy rating on Ciena (NYSE:CIEN) but lowers the price target from $65 to $57.
June 07, 2023 | 11:03 am
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Rosenblatt analyst maintains Buy rating on Ciena (NYSE:CIEN) but lowers price target from $65 to $57.
Rosenblatt's lowered price target on Ciena may cause short-term uncertainty among investors, but the maintained Buy rating indicates a positive outlook for the company. The impact on the stock price is expected to be neutral in the short term.
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