Lake Street lowered the firm’s price target on Clearfield (CLFD) to $41 from $52 and keeps a Buy rating on the shares. While noting that fiscal Q1 guidance is “a bit soft,” even factoring in the Nestor Cables divesture, the firm is “encouraged” by management’s expectation for improvement throughout FY26. With a strong balance sheet and increased buyback, the firm thinks “there should be a relatively high floor on shares in the near term,” the analyst added.
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