Goldman Sachs Upgrades ADTRAN (ADTN) to Neutral, Street too Bearish
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Price: $4.75 -0.63%
Rating Summary:
8 Buy, 13 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Rating Summary:
8 Buy, 13 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
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Goldman Sachs upgraded ADTRAN (NASDAQ: ADTN) from Sell to Neutral with a price target of $14.00.
The firm said following significant stock underperformance and several consecutive
misses, Street estimates may have overshot to the downside. For 2013 EPS, the Street is at $0.78 versus Goldman's $0.86 estimate. The firm sees a 4.6% rise in revenues.
For an analyst ratings summary and ratings history on ADTRAN click here. For more ratings news on ADTRAN click here.
Shares of ADTRAN are up 3.7 percent to $16.38.
The firm said following significant stock underperformance and several consecutive
misses, Street estimates may have overshot to the downside. For 2013 EPS, the Street is at $0.78 versus Goldman's $0.86 estimate. The firm sees a 4.6% rise in revenues.
For an analyst ratings summary and ratings history on ADTRAN click here. For more ratings news on ADTRAN click here.
Shares of ADTRAN are up 3.7 percent to $16.38.
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