Rosenblatt Maintains Buy on Viavi Solutions, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a Buy rating on Viavi Solutions (NASDAQ:VIAV) but lowers the price target from $15 to $13.

April 03, 2024 | 12:06 pm
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Rosenblatt maintains a Buy rating on Viavi Solutions but lowers the price target from $15 to $13.
The maintenance of a Buy rating by Rosenblatt suggests a positive outlook on Viavi Solutions, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target from $15 to $13 could reflect adjustments in valuation models, possibly due to revised earnings expectations or market conditions. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive endorsement against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100