JP Morgan Maintains Underweight on Infinera, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains an Underweight rating on Infinera (NASDAQ:INFN) but raises the price target from $5 to $6.
August 06, 2024 | 3:55 pm
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JP Morgan analyst Samik Chatterjee maintains an Underweight rating on Infinera but raises the price target from $5 to $6.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100