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UPDATE: Jefferies Downgrades Infinera on Valuation

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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
Jul 2016NeedhamUpgradesBuyStrong Buy
Jul 2016B. RileyInitiates Coverage onBuy
Jun 2016NomuraInitiates Coverage onBuy

View More Analyst Ratings for INFN
View the Latest Analyst Ratings

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

 

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