Barclays Maintains Overweight on Ciena, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Overweight rating on Ciena (NYSE:CIEN) but lowers the price target from $63 to $55.
June 07, 2024 | 5:43 pm
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NEUTRAL IMPACT
Barclays analyst Tim Long maintains an Overweight rating on Ciena but lowers the price target from $63 to $55.
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