By: Benzinga
February 22, 2013 at 08:44 AM EST
Jefferies Reiterates Underperform Rating, $13.25 PT on ADTRAN on Negative Risk/Reward Trade-Off
In a report published Friday, Jefferies reiterated its Underperform rating and $13.25 price target on ADTRAN (NASDAQ: ADTN ). Jefferies noted, “We continue to believe the risk/reward trade-off is negative. Looking into next year, we believe that Adtran faces myriad headwinds including carrier capital spending trends and potential market share
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