Exane BNP Paribas Downgrades Ciena to Neutral, Announces $67 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas has downgraded Ciena (NYSE:CIEN) from Outperform to Neutral, setting a price target of $67.
October 09, 2024 | 5:57 pm
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Exane BNP Paribas has downgraded Ciena from Outperform to Neutral, with a new price target of $67. This downgrade may influence investor sentiment and impact the stock price negatively in the short term.
The downgrade from Outperform to Neutral by a reputable analyst can lead to a negative sentiment among investors, potentially causing a short-term decline in Ciena's stock price. The new price target of $67 suggests limited upside potential, reinforcing the neutral stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100