Viavi price target raised to $16 from $13 at Argus

Argus raised the firm’s price target on Viavi (VIAV) to $16 from $13 and keeps a Buy rating on the shares. The company exceeded consensus expectations in fiscal Q2 and network service enablement is seeing signs of recovery among traditional carrier customers, the analyst tells investors in a research note. The firm believes Viavi is well positioned for the long term in growth markets, including fiber and wireless test and measurement, currency authentication, and 3D sensing.