Ciena price target raised to $195 from $185 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the firm’s price target on Ciena (CIEN) to $195 from $185 and keeps an Equal Weight rating on the shares. The outlook offered was stronger than expected as company sees the ability to capitalize on its technology lead to capture incremental scale-across and DCOM opportunities, says the analyst, who views the current valuation as “full” despite estimates continuing to go up and momentum staying positive.