Jefferies Maintains Buy on Ciena, Lowers Price Target to $60
Portfolio Pulse from jenniferd'souza@benzinga.com
Jefferies analyst George Notter maintains a Buy rating on Ciena (NYSE:CIEN) but lowers the price target from $65 to $60.
June 07, 2023 | 3:15 pm
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Jefferies analyst George Notter maintains a Buy rating on Ciena (NYSE:CIEN) and lowers the price target from $65 to $60.
The news of Jefferies maintaining a Buy rating on Ciena is positive for the company, but the lowering of the price target from $65 to $60 may create some uncertainty among investors. This mixed sentiment may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100