Goldman Sachs Removes Infinera Corp. (INFN) from CL-Buy List
- Wall St slips ahead of Fed rate decision, Powell comments
- Fed Day: '25bps seems the most likely, and best outcome' - JPMorgan
- Fed in spotlight with US focus on stability, First Republic
- PacWest says it would not be 'prudent' to go ahead with capital raise
- Meme stocks rally after GameStop posts surprise fourth-quarter profit
Get Alerts INFN Hot Sheet
15 Buy, 8 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 9 | New: 13
Join SI Premium – FREE
Goldman Sachs downgraded Infinera Corp. (NASDAQ: INFN) from Conviction Buy to Buy with a price target of $18.00 (from $16.00). Analyst Simona Jankowski sees less upside.
"The potential upside to our estimate and price target is now significantly less post strong stock outperformance ... We maintain our Buy rating and there is no change to our thesis, which is based on 1) share gains in the 100G optical long haul market on a strong product cycle, 2) significant exposure to Web 2.0 customers’ private network builds (e.g. Google, Facebook), 3) gross margin expansion on mix and vertical integration, and 4) significant operating leverage. Over the past several quarters, Infinera has begun to deliver on all of these items, which has driven upward estimate revisions and multiple rerating," said Jankowski.
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 $14.32 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Luminar Technologies (LAZR) cut at Goldman Sachs on margin headwinds
- 89bio Inc. (ETNB) PT Raised to $50 at Raymond James
- Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (TSM) PT Lowered to NT$675 at Goldman Sachs
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Downgrades
Related EntitiesGoldman Sachs Conviction Buy List, Goldman Sachs
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!