Jefferies Downgrades Calix to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst George Notter downgraded Calix (NYSE:CALX) from Buy to Hold and reduced the price target from $48 to $30, indicating a more cautious outlook on the stock.
April 25, 2024 | 12:34 pm
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Calix was downgraded by Jefferies from Buy to Hold with a price target reduction from $48 to $30, suggesting a bearish outlook.
The downgrade by a prominent analyst firm like Jefferies, accompanied by a significant reduction in the price target, typically signals a bearish outlook on the stock. This could lead to short-term negative sentiment among investors, potentially impacting the stock's price negatively.
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