Jefferies Reiterates Their Buy Rating on Arris Group

By Austin Angelo

In a report issued on June 6, George Notter from Jefferies reiterated a Buy rating on Arris Group (NASDAQ: ARRS), with a price target of $34. The company’s shares closed yesterday at $28.64.

According to TipRanks.com, Notter is a 4-star analyst with an average return of 9.3% and a 63.6% success rate. Notter covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Interxion Holding NV.

Currently, the analyst consensus on Arris Group is Strong Buy and the average price target is $33.75, representing a 17.8% upside.

In a report issued on June 5, RBC Capital also reiterated a Buy rating on the stock with a $33 price target.

The company has a one year high of $31.52 and a one year low of $20.05. Currently, Arris Group has an average volume of 1.85M.

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ARRIS International Plc engages in entertainment and communications technology. It combines hardware, software and services across the cloud, network, and home to power television and Internet for millions of people around the globe. The company operates through the following segments: Network & Cloud and Customer Premises Equipment. ARRIS International was founded on April 20, 2015 and is headquartered in Suwanee, GA.