Needham Maintains Buy on Ciena, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson maintains a Buy rating on Ciena (NYSE:CIEN) but lowers the price target from $60 to $50.
August 28, 2023 | 9:52 am
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Needham analyst maintains a Buy rating on Ciena but lowers the price target from $60 to $50.
The news is directly about Ciena. While the maintained Buy rating is positive, the lowered price target might indicate a less optimistic outlook for the stock, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100