UPDATE: Stifel Upgrades Infinera as 100G Demand Ramps Worldwide

In a report published Thursday, Stifel analyst Sanjiv Wadhwani upgraded the rating on

from Hold to Buy, and named a $13.00 price target. In the report, Stifel noted, “We are upgrading shares of Infinera with a target price of $13. Post our meetings at OFC, we believe that demand for 100G is now on a much more global scale versus a year ago. Specifically, we are seeing upgrades emerge in Europe and parts of Asia, versus being concentrated in North America 12 months ago.” Infinera closed on Wednesday at $9.37.