Jefferies & Company Inc. Raises price Target For CommScope, Inc. (CTV)

Analyst George Notter at Jefferies & Company Inc. has released an update on CommScope, Inc. (NYSE: CTV). On Thursday, the company reported its first-quarter results.

CommScope reported first-quarter numbers in-line with estimates. Also, the company’s revenue guidance for the second-quarter looks strong.

Jefferies thinks that CommScope stock still has upside. It has raised the price target for the company from $33 to $38.

Jefferies & Company has maintained its Buy rating for CommScope, Inc.