Stifel Nicolaus Trims Oclaro PT To $18 (OCLR)

Stifel Nicolaus trimmed its Oclaro (NASDAQ: OCLR) price target from $19 to $18 in a research note published today. Stifel Nicolaus has previously given Oclaro a Buy rating.

In the report, Stifel Nicolaus states, "We are trimming our forward estimates for OCLR on the anticipation that there will push-outs in demand for its products."

Shares of Oclaro were trading at $10.78 at the time of posting, down 4.26% from Thursday's market close.