Needham Maintains Buy on Adtran, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz maintains a Buy rating on Adtran (NASDAQ:ADTN) but lowers the price target from $15 to $12.

August 09, 2023 | 10:56 am
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Needham analyst maintains a Buy rating on Adtran but lowers the price target from $15 to $12.
The news is directly related to Adtran. While the Buy rating is maintained, the lowering of the price target could indicate a potential decrease in the stock's value. However, the impact on the stock price is uncertain in the short term as the Buy rating suggests that the stock is still expected to perform well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100