Evercore ISI Upgrades Ciena to Outperform, Raises Price Target
In a note released on Friday, analysts from Evercore ISI upgraded Ciena (CIEN) to Outperform from In Line and raised the price target for the stock to $57 from $52 per share. The analysts stated that their firm sees Ciena as a “premium asset at a discount price,” indicating their positive outlook for the company.
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