Viavi price target raised to $12 from $11 at Northland

Northland raised the firm’s price target on Viavi (VIAV) to $12 from $11 and keeps an Outperform rating on the shares following the company’s report of upside in fiscal Q2 and “mixed” Q3 outlook. The company continues to adopt a conservative stance and cited growth in 800G fiber lab test offsetting a continued weak carrier fiber test market, where the firm sees early signs of improvement, echoed this week by Corning (GLW), the analyst tells investors.