tiprankstipranks
Infinera downgraded to Neutral from Buy at B. Riley
The Fly

Infinera downgraded to Neutral from Buy at B. Riley

B. Riley downgraded Infinera (INFN) to Neutral from Buy with an unchanged price target of $6.65. The firm cites valuation for the downgrade with the shares surpassing the price target The company is in the process of being acquired by Nokia (NOK) for $6.65 per share, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App