Raymond James lowered the firm’s price target on Harmonic (HLIT) to $12 from $14 and keeps an Outperform rating on the shares. Harmonic’s Q4 report reflected a beat with “poor” guidance, with the outlook reflecting a combination of technology transitions and temporary share shifts, the analyst tells investors in a research note. The firm thinks the 2025 forecast is conservative, and that the second half of 2025 will deliver meaningful improvement.
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