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)
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