UPDATE: Stifel Nicolaus Reiterates Buy Rating, Lowers PT on Oplink Communications
In a report published earlier today, Stifel Nicolaus and Company, Inc. reiterated its Buy rating on Oplink Communications, Inc. (NASDAQ: OPLK), but lowered its price target from $21.00 to $19.00.
Stifel Nicolaus went on to say “We continue to view Oplink as an attractive investment given its low-cost manufacturing footprint, healthy free cash flow generation, and more positive industry dynamics as a leader in the passive optical industry (relative to the fragmented actives market).”
Oplink Communications, Inc. closed on Friday at $13.53.
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