UPDATE - UBS Downgraded JDS Uniphase (JDSU) to Neutral; Nice Quarter, But Share Upside Looks Limited
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Price: $10.87 --0%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 23
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 23
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UPDATE - UBS downgraded JDS Uniphase (NASDAQ: JDSU) from Buy to Neutral. PT raised from $13 to $14.50.
UBS analyst said, "Downgrade our rating to Neutral with our view of less upside on shares. While orders looked good we struggle to place a higher than 15 multiple on JDSU’s cyclical business."
"Our sales estimates are relatively unchanged at $1.78B (+1%) and $1.96B (+10%). Our CY12 OM fcst edges lower on GM pressure and higher near-term opex. Our CY12 and CY13 EPS estimates are now $0.67 and $0.96 vs. prior $0.82 and $0.98."
To see more ratings on JDSU, Click Here
UBS analyst said, "Downgrade our rating to Neutral with our view of less upside on shares. While orders looked good we struggle to place a higher than 15 multiple on JDSU’s cyclical business."
"Our sales estimates are relatively unchanged at $1.78B (+1%) and $1.96B (+10%). Our CY12 OM fcst edges lower on GM pressure and higher near-term opex. Our CY12 and CY13 EPS estimates are now $0.67 and $0.96 vs. prior $0.82 and $0.98."
To see more ratings on JDSU, Click Here
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