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UPDATE: Jefferies Upgrades Ciena Corporation to Hold on Balanced Risk/Reward

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BMO Capital Raises Ciena Target Price To $27, Maintains At Outperform

Jefferies raised its rating on Ciena Corporation (NASDAQ: CIEN) from Underperform to Hold and increased its price target from $10 to $14.50.

Jefferies commented, "While we remain concerned about longer term profitability and declining legacy products, we acknowledge that the stock can continue to work near term. In total, we see the current risk/reward in the stock as balanced. Hence, we're upgrading to a Hold."

Ciena Corporation closed at $15.99 on Friday.

Latest Ratings for CIEN

DateFirmActionFromTo
Sep 2016Stifel NicolausInitiates Coverage onHold
Sep 2016CitigroupMaintainsNeutral
Sep 2016Morgan StanleyDowngradesOverweightEqual-weight

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Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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