Rosenblatt Maintains Buy on Calix, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a Buy rating on Calix (NYSE:CALX) but lowers the price target from $45 to $35.

April 23, 2024 | 11:52 am
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NEUTRAL IMPACT
Rosenblatt maintains a Buy rating on Calix but lowers the price target from $45 to $35.
While the maintenance of a Buy rating by Rosenblatt indicates continued confidence in Calix's fundamentals and growth potential, the reduction in the price target could reflect adjustments in market expectations or valuation models. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100