UPDATE: Stifel Nicolaus Raises PT to $18 JDS Uniphase Corporation Post Analyst Day

Stifel Nicolaus maintained JDS Uniphase Corporation (NASDAQ: JDSU) with a Buy rating and raised the price target from $16.00 to $18.00.

Stifel Nicolaus noted, "JDSU hosted an Analyst Day in San Francisco on Thursday, February 14, 2013. We came away from the event comfortable with our positive thesis on the shares, which consists an anticipated rebound in optical communication revenue in 2013, new product leadership for JDSU across both its CCOP and CommTest portfolio, our expectation of significant CommTest operating leverage, and OSP remaining an underappreciated contributor to profitability."

JDS Uniphase Corporation closed at $15.48 on Thursday.

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