Market Overview

UPDATE: Jefferies Downgrades Infinera on Valuation

Related INFN
Morning Market Gainers
Benzinga's Top #PreMarket Gainers

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

Oct 2015Morgan StanleyInitiates Coverage onEqual-weight
Oct 2015NeedhamUpgradesBuy
Sep 2015Goldman SachsDowngradesNeutralSell

View More Analyst Ratings for INFN
View the Latest Analyst Ratings

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


Related Articles (INFN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters