Viavi Solutions shares are trading higher after Stifel upgraded the stock from Hold to Buy and raised its price target from $10 to $13.
Portfolio Pulse from Benzinga Newsdesk
Viavi Solutions' stock price increased following an upgrade from Stifel, moving from Hold to Buy, with a new price target set at $13, up from $10.
February 12, 2024 | 3:10 pm
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POSITIVE IMPACT
Viavi Solutions' stock price is likely to experience a short-term increase following the upgrade by Stifel from Hold to Buy, with a raised price target from $10 to $13.
Stock upgrades by reputable financial institutions like Stifel often lead to increased investor confidence and a subsequent rise in stock prices. The upgrade from Hold to Buy signals a positive outlook on Viavi Solutions' future performance, and the increase in price target from $10 to $13 further emphasizes this optimism. This is likely to attract more buyers in the short term, pushing the price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100