The analyst firm upgraded Infinera to "buy" from "hold," with a price target of $13. Stifel Nicolaus analysts wrote, "We are upgrading shares of Infinera with a target price of $13. Post our meetings at OFC, we believe that demand for 100G is now on a much more global scale versus a year ago. Specifically, we are seeing upgrades emerge in Europe and parts of Asia, versus being concentrated in North America 12 months ago."
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TheStreet Ratings team rates INFINERA CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate INFINERA CORP (INFN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
Highlights from the analysis by TheStreet Ratings Team goes as follows: