ADTRAN

Jefferies & Company has raised the price target on Adtran (NASDAQ: ADTN) from $24 to $42 and maintains its Hold rating.

Morgan Stanley is upgrading ADTRAN, Inc. (NASDAQ: ADTN) to OW from EW and establishing a $45 price target, “as we see several tangible revenue drivers in ‘11 and ‘12 that we believe should take revenue and EPS above Street estimates.” “These include share gains at Telmex, a growing opportunity at...

Morgan Keegan has published a research report on Communications Equipment companies reflecting on the R&D tax credit and has not made any ratings or estimate adjustments to companies that do not pay U.S. taxes. In the report, Morgan Keegan writes "We have reviewed our coverage universe and have...

In a report released this morning, Goldman Sachs says that ADTRAN, Inc. (NASDAQ: ADTN) reported a F3Q (September) top- and bottom-line beat, with revenue of $163.0 mn vs. GS at $161.2 mn and the Street at $155.9 mn and the upside coming from legacy HDSL. “EPS (including ESO) was $0.50, ahead of...

Morgan Keegan & Co. analysts Simon Leopold and Paul Bonenfant maintained their Outperform rating for shares of ADTRAN, Inc. (Nasdaq: ADTN). The analysts saw Qwest Communications' (NYSE: Q) application for a $350 million grant to subsidize a $467 million project aimed at high speed internet...