Morgan Stanley steps to Infinera sidelines

|About: Infinera Corporation (INFN)|By:, SA News Editor

Morgan Stanley downgrades Infinera (NASDAQ:INFN) from Overweight to Equal Weight and cuts the target from $9.50 to $6.

Last week, the company reported Q3 results that missed estimates and showed the company struggling to integrate its Corian acquisition. 

Infinera shares are down 0.9% premarket to $4.51. 

Previously: Infinera slides 25% as revenues still come up short (Nov. 6)

Previously: Infinera -28% as analysts react to Coriant stumbles (Nov. 7)

Subscribe for full text news in your inbox