Jefferies & Company Reiterates Buy Rating, $7 PT on Calix
In a report published Friday, Jefferies & Company reiterated its Buy rating and $7.00 price target on Calix (NYSE: CALX).
Jefferies noted, “Calix's solid Q3 numbers were slightly ahead of expectations. With the stock now at $5.90, we're still inclined to stay long. Catalysts include: 1) International growth; 2) market share capture at Qwest/CenturyLink and Verizon/Frontier; 3) improving Tier 3 regulatory/spending environment; and 4) margin expansion.”
Calix closed on Thursday at $5.90.
Latest Ratings for CALX
|Feb 2016||Cowen & Co.||Downgrades||Outperform||Market Perform|
|Jan 2016||Stifel Nicolaus||Upgrades||Hold||Buy|
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