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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Infinera Corp. on Solid Q4 Results

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In a report published Wednesday, Jefferies reiterated its Buy rating on Infinera Corp. (NASDAQ: INFN), and slightly raised its price target from $8.50 to $9.00.

Jefferies noted, “Infinera's Q4 results and guidance were in-line with Street expectations. Most importantly, DTN-X adoption remains impressive and the product cycle is gaining traction faster than expected.”

Infinera Corp. closed on Tuesday at $7.51.

Latest Ratings for INFN

DateFirmActionFromTo
Aug 2016CitigroupDowngradesNeutralSell
Jul 2016Deutsche BankMaintainsBuy
Jul 2016CitigroupMaintainsNeutral

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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