Raymond James Maintains Strong Buy on Harmonic, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained a Strong Buy rating on Harmonic (NASDAQ:HLIT) but reduced the price target from $19 to $18.

January 30, 2024 | 2:00 pm
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NEUTRAL IMPACT
Harmonic's Strong Buy rating is maintained by Raymond James, although the price target has been lowered from $19 to $18.
While the reduction in price target could be perceived negatively by the market, the reaffirmation of a Strong Buy rating by Raymond James suggests continued analyst confidence in Harmonic's fundamentals. This mixed signal is likely to have a neutral short-term impact on HLIT's stock price as the positive rating balances the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100