Kaufman Bros. Starts JDS Uniphase (JDSU) at Hold; Leaner, More Efficient, But, Cloudy Near-Term Visibility

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September 7, 2011 7:33 AM EDT
Get Alerts JDSU Hot Sheet
Price: $10.87 --0%

Rating Summary:
    10 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Kaufman Bros. initiates coverage on JDS Uniphase (NASDAQ: JDSU) with a Hold. PT $14.50.

Kaufman analyst says, "The company continues to dominate the consolidating communications test & measurement space through M&A and product rollouts. Meanwhile, JDSU's optical components business remains well-positioned despite near-term customer inventory adjustment issues...Shares are off more than 55% from their 12-month high of $29.12. While we believe a rebound after F1Q12 is likely, we prefer to remain on the sidelines until better near-term clarity is established."

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

Shares of JDS Uniphase closed at $12.51 yesterday.

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