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Fly News Breaks for April 22, 2019
VIAV
Apr 22, 2019 | 07:41 EDT
JPMorgan analyst Samik Chatterjee upgraded Viavi Solutions to Neutral from Underweight and raised his price target for the shares to $13 from $12. The "buildup of industry tailwinds" in the form of 5G network deployments as well as fiber densification and adoption of 3D Sensing should drive medium-term growth above expectations, Chatterjee tells investors in a research note. Viavi has gained increasing leverage to industry momentum through the acquisition of Cobham, adds the analyst.
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