JP Morgan Maintains Overweight on Ciena, Lowers Price Target to $65
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Ciena (NYSE:CIEN) but lowers the price target from $67 to $65.
June 07, 2023 | 1:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Ciena (NYSE:CIEN) but lowers the price target from $67 to $65.
The news of JP Morgan maintaining an Overweight rating on Ciena indicates a positive outlook for the company. However, the lowering of the price target from $67 to $65 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100