U.S. Markets closed

JDSU price target lowered to $12 from $14 at Piper Jaffray

Piper Jaffray reduced its target on JDSU after the company provided lower than expected Q2 revenue guidance. However, the firm thinks the company is gaining share and views current levels in JDSU and other optical stocks as attractive entry points. The firm maintains an Overweight rating on the shares.