Stock Track | Calix Plummets 5.08% Intraday Following Rosenblatt Securities Target Price Cut

Stock Track01-31

Calix (CALX) shares plummeted 5.08% during intraday trading on Friday, marking a significant downward movement for the technology stock.

The sharp decline followed news that Rosenblatt Securities cut its price target on Calix from $85 to $70. Analyst target price reductions often signal concerns about a company's future earnings potential or valuation, which can trigger selling pressure from investors.

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