Rosenblatt Maintains Buy on Viavi Solutions, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a Buy rating on Viavi Solutions (NASDAQ:VIAV) but lowers the price target from $13 to $10.
May 03, 2024 | 12:51 pm
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Rosenblatt maintains a Buy rating on Viavi Solutions but lowers the price target from $13 to $10.
The maintenance of a Buy rating by Rosenblatt suggests a positive outlook on Viavi Solutions' fundamentals or growth prospects. However, the reduction in the price target from $13 to $10 could reflect adjustments in valuation models, possibly due to revised earnings forecasts or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive sentiment from the maintained Buy rating and negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100