UPDATE: Jefferies Raises PT on Calix on Lower Q4 Numbers
In a report published Wednesday, Jefferies reiterated its Buy rating on Calix (NYSE: CALX), and raised its price target from $7.75 to $10.50.
Jefferies noted, “Calix's Q4 numbers were slightly above expectations. We continue to like the risk/reward on the stock given a number of important catalysts: 1) international growth; 2) market share capture at Qwest/CenturyLink and Verizon/Frontier; 3) improving Tier 3 regulatory/spending environment; and 4) margin expansion.”
Calix closed on Tuesday at $8.51.
Latest Ratings for CALX
|Feb 2016||Cowen & Company||Downgrades||Outperform||Market Perform|
|Jan 2016||Stifel Nicolaus||Upgrades||Hold||Buy|
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