Market Overview

UPDATE: Stifel Nicolaus Lowers PT to $15 on JDS Uniphase Corporation on Negative Peer Pre-Announcement

Related JDSU
Benzinga's Top #PreMarket Gainers
Indexes Close Flat As Dollar Gains Momentum
Meet Nasdaq Composite 2.0 (Fox Business)

Stifel Nicolaus reiterates its Buy rating on JDS Uniphase Corporation (NASDAQ: JDSU) but reduces its price target from $17 to $15.

Stifel Nicolaus comments, "Based on EXFO's F3Q12 (May) preliminary results indicating further near term declines in global telecom spending, increased pessimism regarding Europe (26% of JDSU FY11 revenue), and a still sluggish optical demand environment, we are trimming our JDSU estimates for F4Q12 (June) and for FY13 to below consensus."

JDSU closed at $9.65 on Friday.

Latest Ratings for JDSU

DateFirmActionFromTo
Sep 2014RBC CapitalUpgradesSector PerformOutperform
Aug 2014Argus ResearchDowngradesBuyHold
Aug 2014Piper JaffrayDowngradesOverweightNeutral

View More Analyst Ratings for JDSU
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (JDSU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters