B. Riley Bumps Up Infinera Price Target by 15 Percent; Turns Bullish

B. Riley Bumps Up Infinera Price Target by 15 Percent; Turns Bullish
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B. Riley analyst Dave Kang upgraded Infinera Corp. to Buy from Neutral with a price target of $11.50, up from $10, implying an upside of 44.65 percent.

The analyst believes the value of the company’s digital signal processing technology is “significantly underappreciated” at current share levels.