Viavi price target raised to $53 from $26 at B. Riley

B. Riley raised the firm’s price target on Viavi (VIAV) to $53 from $26 and keeps a Buy rating on the shares ahead of the fiscal Q3 report on April 29. Recent channel checks indicate Viavi’s demand remains robust, especially the data center-related products, the analyst tells investors in a research note. The firm says integration of the recently acquired Spirent’s testing business is expected to drive significant incremental revenue growth.