JPMorgan lowered the firm’s price target on Calix to $42 from $51 and keeps a Neutral rating on the shares post the Q3 report. The analyst says the company’s slower growth outlook will feed into bearish investor sentiment surrounding the stock’s premium multiple until visibility improves.
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Read More on CALX:
- Calix price target lowered to $42 from $95 at Craig-Hallum
- Northland cuts Calix target, sees ‘historically attractive’ share levels
- Rosenblatt cuts Calix target to $47, says earnings selloff overdone
- Calix price target lowered to $57 from $66 at Roth MKM
- Calix price target lowered to $60 from $75 at WestPark Capital