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Jefferies Upgrades ADTRAN (ADTN) to Hold

April 6, 2015 6:29 AM EDT
Get Alerts ADTN Hot Sheet
Price: $5.33 --0%

Rating Summary:
    8 Buy, 13 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 7 | New: 39
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Jefferies upgraded ADTRAN (NASDAQ: ADTN) from Underperform to Hold with a price target of $17.75 (from $16.25).

Analyst George Notter commented, "We’re upgrading Adtran shares from Underperform to Hold. Our upgrade is largely based on valuation and our view that there’s already a lot of negativity baked into the stock at current levels."

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

Shares of ADTRAN closed at $18.82 yesterday.



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