B. Riley Securities Maintains Buy on Infinera, Lowers Price Target to $6.65
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Infinera (NASDAQ:INFN) but lowered the price target from $9 to $6.65.

August 05, 2024 | 4:35 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained a Buy rating on Infinera but lowered the price target from $9 to $6.65.
The maintained Buy rating suggests continued confidence in Infinera's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100