Stifel Initiates Coverage On Ciena with Buy Rating, Announces Price Target of $62
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has initiated coverage on Ciena (NYSE:CIEN) with a Buy rating and a price target of $62.
September 28, 2023 | 8:38 am
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POSITIVE IMPACT
Stifel's initiation of coverage on Ciena with a Buy rating and a price target of $62 could potentially boost investor confidence and the stock's price in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Given Stifel's reputation, their Buy rating and price target of $62 for Ciena could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100