B. Riley analyst Dave Kang initiated coverage of Adtran (ADTN) with a Buy rating and $16 price target The firm says Adtran is a leading provider of broadband network equipment, serving a diverse customer base including service providers, utilities, and municipalities. Recent industry data indicates that demand has recovered, and Adtran is positioned to capitalize on the current cycle with its access and optical businesses, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADTN:
- Adtran Announces $175 Million Convertible Notes Offering
- Trump announces $15B libel suit against New York Times: Morning Buzz
- Trump announces $15 libel suit against New York Times: Morning Buzz
- Morning Movers: New York Times slips following $15B lawsuit from President Trump
- Adtran announces offering of $150M of convertible senior notes due 2030