The Latest Breaking News from Raymond James

Raymond James cut the price target on Ciena Corporation (NYSE: CIEN) from $80 to $75. Ciena shares fell 10.9% to close at $58.76 on Monday.

Analysts raised their price targets on Pure Storage Inc (NYSE: PSTG) post a solid Q4 beat. Barclays analyst Tim Long raised the firm's price target on Pure Storage to $39 from $35 (47.3% upside) and kept an Overweight rating on the shares. The company beat Q4 estimates and released better than expected guidance for fiscal 2023, Long…

Analysts mainly hailed HubSpot Inc's (NYSE:HUBS) Q4 performance by raising their price targets on the stock. Mizuho analyst Siti Panigrahi raised the price target on HubSpot to $625 from $500 (16.92% upside) and kept a Buy rating on the shares.  The company reported strong results once again in Q4 on broad-based strength with a particular…

Wells Fargo analyst Allison Poliniak-Cusic raised the price target on Old Dominion Freight Line Inc (NASDAQ:ODFL) to $348 (an upside of 12.5%) from $335 and maintained an Equal Weight rating on the shares. The analyst notes that as the best-in-class LTL provider, Q4 results reflected the strength in its growth and execution strategy. Related: Old Dominion Freight…

Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc (NASDAQ:MESA) to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds. Syth says the magnitude of the impact on earnings appears to be greater than anticipated. Syth further mentions that much of this headwind should ease in early 2023, though…

Real estate industry maintained its growth streak in January, owing to significant demand ahead of a benchmark interest rate hike. Thus, we think it could be wise to scoop up shares of quality under-the-radar real estate stocks FirstService (FSV) and Colliers International (CIGI), which have been upgraded recently by Raymond…

Raymond James analyst Brian Gesuale upgraded Booz Allen Hamilton Holding Corp (NYSE:BAH) to Outperform from Market Perform with a price target of $90, implying an upside of 19%. Gesuale says this is the most appealing time to own the group since the Trump administration was in office and sees increasing geopolitical instability, multiple stability,…

Upgrades

Raymond James analyst Simon Leopold double upgraded Cambium Networks Corp (NASDAQ:CMBM) to Strong Buy from Market Perform with a $35 price target, implying an upside of 57.6%. Leopold believes fundamental demand remains solid, with temporary supply chain constraints depressing near-term results.  He tells investors in a research note that checks indicate that elements of the…