UBS Maintains Neutral on Ciena, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
UBS analyst David Vogt maintains a Neutral rating on Ciena (NYSE:CIEN) and raises the price target from $48 to $52.

September 01, 2023 | 4:12 pm
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NEUTRAL IMPACT
UBS analyst maintains a Neutral rating on Ciena and raises the price target from $48 to $52.
The news is directly related to Ciena (CIEN). UBS analyst David Vogt maintains a Neutral rating on the company, indicating that the stock is expected to perform in line with the market or sector in the next 12 months. However, the price target has been raised from $48 to $52, which could indicate a positive outlook for the company's stock in the future. This could potentially have a neutral to slightly positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100