Harmonic price target raised to $15 from $11 at Barclays

Barclays raised the firm’s price target on Harmonic (HLIT) to $15 from $11 and keeps an Equal Weight rating on the shares. The company’s broadband segment beat in the quarter, driven by growth from wins in DOCSIS 4.0, fiber, and strength in both top two customers and rest of market, the analyst tells investors in a research note.