Morgan Stanley Maintains Overweight on Ciena, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall maintains an Overweight rating on Ciena (NYSE:CIEN) and raises the price target from $55 to $60.
September 04, 2024 | 6:10 pm
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Morgan Stanley has reaffirmed its Overweight rating on Ciena and increased the price target from $55 to $60, indicating a positive outlook.
The increase in price target from $55 to $60 by Morgan Stanley suggests a positive outlook for Ciena, likely leading to a short-term increase in stock price. The Overweight rating indicates confidence in Ciena's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100