Comment on Infinera Stock Upgraded: What You Need to Know

Infinera Stock Upgraded: What You Need to Know

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...Shares of optical network equipment supplier Infinera Corporation (NASDAQ: INFN) have disappointed investors mightily over the past year, underperforming the S&P 500 by nearly 30 percentage points -- but one analyst expects that to change soon.This morning, equity research firm MKM Partners announced it is upgrading Infinera shares from neutral to buy and raising its price target 40%, to $14 per share.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News