Market Overview

UPDATE: Jefferies Downgrades Infinera on Valuation

Related INFN
Benzinga's Top Upgrades
Jefferies Upgrades Infinera To Buy, Shares Surge
Billion-Dollar Startup Nutanix to Planning IPO This Year (Fox Business)

In a report pubilshed on Monday, Jefferies analyst George C. Notter downgraded Infinera (NASDAQ: INFN) from Buy to Hold and raised the price target on the company from $9 to $12.

In the report, Jefferies stated, "There's no denying that current business trends at Infinera are very good right now. On the Q1 EPS conference call, CEO Tom Fallon noted that the pipeline of potential customer additions / RFP processes remains “robust.” These statements are now embedded in the current psychology around the stock as well as forward-looking expectations."

Infinera closed on Friday at $11.24.

Latest Ratings for INFN

DateFirmActionFromTo
Sep 2014Barrington ResearchInitiates Coverage onOutperform
Sep 2014JefferiesUpgradesHoldBuy
Apr 2014JefferiesMaintainsHold

View More Analyst Ratings for INFN
View the Latest Analyst Ratings

Posted-In: George C. Notter JefferiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (INFN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters