B. Riley Upgrades Opnext (OPXT) to Buy, Raises Target to $3.20

May 20, 2011 1:45 PM EDT
Get Alerts OPXT Hot Sheet
Price: $0.94 --0%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 17
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An analyst at B. Riley upgraded shares of Opnext (NASDAQ: OPXT) from Neutral to Buy. The firm boosted its price target on the stock modestly from $3 to $3.20.

Friday's upgrade follows better-than-expected Q4 results from Opnext this morning.

The stock is up more than 40 percent this afternoon. With the stock last trading at $2.65, B. Riley's new price target implies potential upside of about 21 percent.

For more ratings news on Opnext click here and for the rating history of Opnext click here.

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