Morgan Stanley Maintains Overweight on Ciena, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on Ciena (NYSE:CIEN) and raised the price target from $60 to $63.
October 09, 2024 | 11:42 am
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on Ciena and increased the price target from $60 to $63, indicating a positive outlook.
The increase in price target from $60 to $63 by Morgan Stanley suggests a positive outlook for Ciena, likely boosting investor confidence and potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100