Morgan Stanley Upgrades Ciena to Overweight, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Ciena (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55.
June 12, 2024 | 9:37 am
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POSITIVE IMPACT
Morgan Stanley has upgraded Ciena from Equal-Weight to Overweight and increased the price target from $53 to $55.
The upgrade from Equal-Weight to Overweight by a major financial institution like Morgan Stanley is a strong positive signal for investors. The raised price target also indicates increased confidence in Ciena's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100