Morgan Stanley analyst Meta Marshall downgraded Ciena (CIEN) to Equal Weight from Overweight with an unchanged price target of $63. The current valuation captures Ciena’s near-term story, the analyst tells investors in a research note. The firm believes the company is well positioned for the artificial intelligence opportunity, but notes the shares are up 45% year-to-date.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CIEN:
- Ciena downgraded to In Line from Outperform at Evercore ISI
- Reddit initiated, Home Depot upgraded: Wall Street’s top analyst calls
- Ciena price target raised to $75 from $68 at Stifel
- Ciena price target raised to $63 from $60 at Morgan Stanley
- Ciena downgraded to Neutral from Outperform at Exane BNP Paribas
Questions or Comments about the article? Write to editor@tipranks.com