UPDATE: RBC Capital Downgrades JDS Uniphase
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.
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