Jefferies Upgrades Infinera Corp. (INFN) to Buy

Jefferies upgraded Infinera Corp. (NASDAQ: INFN) from Hold to Buy with a price target of $14.00 (from $10.50).

Analyst George Notter commented, "We are raising our rating on Infinera shares from Hold to Buy as we believe the organization will have considerable success with their pending metro WDM product line. Their metro WDM initiative, of course, will be announced next week at their Analyst meeting (September 18 in San Jose)."

The firm trimmed FY 2014 EPS from $0.26 to $0.25 but raised FY 2015 EPS from $0.35 to $0.36.

For an analyst ratings summary and ratings history on Infinera Corp. click here. For more ratings news on Infinera Corp. click here.

Shares of Infinera Corp. closed at $10.33 yesterday.

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