Harmonic price target raised to $14 from $11 at Rosenblatt

Rosenblatt raised the firm’s price target on Harmonic (HLIT) to $14 from $11 and keeps a Buy rating on the shares. After having attended the cable industry’s key broadband show, SCTE TechExpo, the firm came away confident that many of the headwinds that had weighed on Harmonics results in the first half of the year have lifted, the analyst tells investors.