JDSU: UBS Ups Target to $16 on Carrier Comments, Multiple Expansion
UBS’s Amitabh Passi this morning reiterates a Buy rating on shares of JDS Uniphase (JDSU) and raises his price target from $13 to $16, to reflect “positive commentary” from carriers such as AT&T (T), and also what he observes is a general rise in the valuation multiples assigned to stocks of fiber optics peers such [...]
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