Viavi price target raised to $26 from $22 at B. Riley

B. Riley raised the firm’s price target on Viavi (VIAV) to $26 from $22 and keeps a Buy rating on the shares. Viavi reported a solid beat and raise quarter, and its recent acquisition of Spirent H-S Testing business solidifies its dominance in high-speed Ethernet validation, expanding its total addressable market as the industry moves toward these more complex, lower-latency architectures, the analyst tells investors in a research note.