Morgan Stanley analyst Meta Marshall lowered the firm’s price target on Viavi (VIAV) to $8 from $10 and keeps an Underweight rating on the shares. Tariffs add more uncertainty into the networking spending market, where demand intentions were “strong, but weakening,” the analyst tells investors. The breadth of the tariffs announced on April 2 “leave little room to hide,” challenging margins, demand or both, the analyst added in a note on the telecom and networking equipment group.
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Read More on VIAV:
- Rosenblatt upgrades Viavi to Buy on sustained telecom improvement
- Viavi upgraded to Buy from Neutral at Rosenblatt
- Viavi Solutions Faces Challenges in Scaling and Revenue Uncertainty Despite Recent Acquisition
- Viavi Solutions to Acquire Spirent’s Ethernet Business
- Viavi to buy Spirent ethernet, network security business from Keysight for $410M
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