Evercore ISI Group Upgrades Ciena to Outperform, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Amit Daryanani has upgraded Ciena (NYSE:CIEN) from In-Line to Outperform and increased the price target from $52 to $57.
January 12, 2024 | 12:02 pm
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POSITIVE IMPACT
Ciena has been upgraded by Evercore ISI Group from In-Line to Outperform with a raised price target from $52 to $57, indicating a positive outlook on the stock.
Upgrades by analysts, especially from a reputable firm like Evercore ISI Group, can lead to increased investor confidence and a potential short-term rise in the stock price. The raise in price target further supports a positive sentiment towards Ciena's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100