Jefferies Boosted Price Target on JDS Uniphase (JDSU) to $18

Jefferies raised its price target on Buy-rated JDS Uniphase (NASDAQ: JDSU) from $14.75 to $18 following solid Q2 results.

The firm comments, "JDSU reported better-than-expected fiscal Q2 results as the impact of the recent floods in Thailand on the company’s optical components business was far less than expected. We believe JDSU will continue to surprise investors to the upside particularly as it benefits from an improving capex environment in N. America, and the Thai Floods and 2011 inventory correction in optical components become a distant memory."

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

Shares of JDS Uniphase closed at $13.13 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Science Applications (SAIC) PT Raised to $140 at Jefferies
• Kepler Cheuvreux Upgrades Entain PLC (ENT:LN) (GMVHF) to Buy
• Science Applications (SAIC) PT Raised to $123 at UBS