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UPDATE: Piper Jaffray Raises PT to $16 on JDS Uniphase on Improved Demand Trends for 2013

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Piper Jaffray reiterated its Overweight rating on JDS Uniphase (NASDAQ: JDSU) and increased its price target from $12 to $16.

Piper Jaffray noted, "We believe the compressed level of telco capex spending has created pent up demand for the industry, and the increased spending intentions from some of the largest telco service providers should help JDSU and others experience stronger than expected sales in the 2H of 2013. In addition, we believe JDSU has done a nice job of taking share from some of the other optical component suppliers during the recent downturn and will likely see better growth as the optical upgrade cycle kicks in during 2013."

JDS Uniphase closed at $13.16 on Monday.

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: Piper JaffrayAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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