Market Overview

UPDATE: RBC Capital Downgrades JDS Uniphase

Related JDSU
JDS Uniphase Could Sell Optics Unit Before Spin-Off Date
Benzinga's M&A Chatter for Wednesday October 1, 2014
Meet Nasdaq Composite 2.0 (Fox Business)

On Friday, RBC Capital downgraded shares of JDS Uniphase (NASDAQ: JDSU) from Outperform to Sector Perform and maintained a $15 price target.

The downgrade is a “relative call” as the stock is approaching analyst Ameet Prabhu's price target. The analyst would prefer to rotate into stocks which “may have higher rates of earnings growth.”

The network service & enablement segment has “underperformed as growth segments have yet to offset legacy parts,” the analyst said.

Shares of JDS are up 0.66 percent to $13.76 in Friday's trading.

Latest Ratings for JDSU

DateFirmActionFromTo
Nov 2014JefferiesMaintainsHold
Sep 2014RBC CapitalUpgradesSector PerformOutperform
Aug 2014Argus ResearchDowngradesBuyHold

View More Analyst Ratings for JDSU
View the Latest Analyst Ratings

Posted-In: Ameet Prabhu RBC CapitalAnalyst Color Analyst Ratings

 

Related Articles (JDSU)

Around the Web, We're Loving...

Get Benzinga's Newsletters