Evercore ISI initiated coverage of Adtran (ADTN) with an Outperform rating and $18 price target The firm believes the company is attractively positioned to sustain high-single digit revenue growth with earnings growth meaningfully above its sales growth over the medium term. Adtran’s growth will be driven by positive end market trends, secular drivers from AI infrastructure and demand for network bandwidth, “meaningful” share gain opportunities. and its “self-help levers,” the analyst tells investors in a research note.
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