Barclays Maintains Overweight on Ciena, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Overweight rating on Ciena (NYSE:CIEN) but lowered the price target from $66 to $59.
September 01, 2023 | 1:36 pm
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on Ciena but lowered the price target from $66 to $59.
The news is directly about Ciena and is likely to impact its stock. While the Overweight rating is positive, the lowering of the price target may have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100