Barclays Maintains Overweight on Ciena, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Overweight rating on Ciena (NYSE:CIEN) and increased the price target from $59 to $60.
December 08, 2023 | 11:17 am
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POSITIVE IMPACT
Barclays has reaffirmed its Overweight rating on Ciena and raised the price target to $60, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive assessment of Ciena's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100