UBS Maintains Neutral on Ciena, Lowers Price Target to $48
Portfolio Pulse from richadhand@benzinga.com
UBS analyst David Vogt maintains a Neutral rating on Ciena (NYSE:CIEN) and lowers the price target from $54 to $48.
June 07, 2023 | 12:41 pm
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NEUTRAL IMPACT
UBS analyst David Vogt maintains a Neutral rating on Ciena and lowers the price target from $54 to $48.
The news directly mentions Ciena (CIEN) and the lowered price target by UBS analyst David Vogt. This may cause some investors to reconsider their positions, but as the rating remains Neutral, the short-term impact on the stock price is likely to be limited. The lowered price target may indicate a slightly less optimistic outlook for the company, but it does not suggest a significant change in the overall investment thesis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100