Goldman Sachs Downgrades ADTRAN To Neutral

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Analysts at Goldman Sachs downgraded
ADTRAN, Inc.ADTN
from Buy to Neutral. The price target for Adtran has been lowered from $26.00 to $18.00. Adtran shares have dropped 29.17 percent over the past 52 weeks, while the S&P 500 index has surged 12.21 percent in the same period. Adtran's shares fell 10.36 percent to close at $16.61 yesterday.
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Posted In: DowngradesAnalyst RatingsGoldman Sachs
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