Spirent Communications upgraded to Speculative Buy from Hold at Canaccord

Canaccord upgraded Spirent Communications to Speculative Buy from Hold with a price target of 250 GBp, down from 280 GBp. Despite reduced demand visibility in the LSA division, Spirent’s valuation at historic lows plus multiple upside optionalities "makes the risk/reward here highly attractive," the analyst tells investors in a research note.