Viavi price target raised to $36 from $28 at Needham

Needham raised the firm’s price target on Viavi (VIAV) to $36 from $28 and keeps a Buy rating on the shares after holding talks with its management team. The tone of discussion was positive as Viavi sees strong growth from the Data Center ecosystem and Aerospace & Defense sales, paired with early upside from its recent acquisitions, the analyst tells investors in a research note.