Northland Capital Markets Maintains Market Perform on Ciena, Lowers Price Target to $41
Portfolio Pulse from jenniferd'souza@benzinga.com
Northland Capital Markets analyst Tim Savageaux maintains a Market Perform rating on Ciena (NYSE:CIEN) and lowers the price target from $45 to $41.
June 07, 2023 | 3:01 pm
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Ciena's price target has been lowered from $45 to $41 by Northland Capital Markets, while maintaining a Market Perform rating.
The lowered price target from $45 to $41 by Northland Capital Markets indicates a less optimistic outlook for Ciena's stock. This may lead to a short-term negative impact on the stock price as investors adjust their expectations.
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IMPORTANCE 80
RELEVANCE 100