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Calix price target raised to $85 from $80 at Northland
The Fly

Calix price target raised to $85 from $80 at Northland

Northland analyst Tim Savageaux raised the firm’s price target on Calix to $85 from $80 and keeps an Outperform rating on the shares after hosing investor meetings last week. At the meetings, Calix discussed "very strong rural fiber demand," which stands in contrast with recent data points pointing to Tier 1 capex weakness, Savageaux tells investors. In addition, current earnings power is being suppressed by supply costs that are expected to improve and revenue growth estimates are "still likely conservative," Savageaux said.

Published first on TheFly

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