Rosenblatt raised the firm’s price target on Adtran to $8 from $7 and keeps a Neutral rating on the shares after having hosted investor meetings with Adtran’s CEO Tom Stanton and CFO Uli Dopfer this week. Despite keeping a Neutral rating on shares, the firm is “becoming more bullish on the sector overall” and views Adtran as “an interesting stock for value investors,” the analyst said.
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