JP Morgan Maintains Overweight on Ciena, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Ciena (NYSE:CIEN) but lowers the price target from $67 to $60.
May 30, 2024 | 6:46 pm
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NEUTRAL IMPACT
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Ciena but lowers the price target from $67 to $60.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100