Ribbon Communications price target lowered to $6 from $7 at B. Riley

B. Riley lowered the firm’s price target on Ribbon Communications (RBBN) to $6 from $7 and keeps a Buy rating on the shares. The analyst says that despite a revenue shortfall of $17M, there were several encouraging highlights and trends in Ribbon’s Q3 report. The company is seeing strong India demand and AT&T (T) becoming a router customer could become a significant opportunity, the analyst tells investors in a research note. The firm believes the stock’s valuation is compelling.