JDSU Rises Despite Deutsche Bank Downgrade

Publish date:

JDS Uniphase


rose slightly in preopen


trading Tuesday, despite a couple of downgrades since Friday.

Shares were recently trading at $41.06, up Friday's closing of $40.94, even though

Deutsche Bank Alex. Brown

on Tuesday downgraded the stock to buy from strong buy.

The stock fell sharply Friday afternoon and took other optical issues with it after Deutsche Banc Alex. Brown told investors that the company might lower its forecast for next year. Over the weekend

Wachovia Securities

lowered JDS Uniphase to buy from strong buy.