Jefferies analyst Samad Samana raised his price target for Avid Technology to $8.50 from $6.50 while maintaining a Hold rating on the shares. The analyst continues to see the company's fiscal 2019 guidance as achievable. The recent news that the U.S. might impose tariffs on Mexico has led to questions from investors about the potential impact, Samana tells investors in a research note. He estimates a 5% tariff level would only have a minimal impact on the overall expected savings projected by Avid Technology. The company previously guided to $10M of annualized savings as a result of its supply chain transition to a supplier in Mexico, notes Samana.