Analysts Conflicted on These Technology Names: Avnet (AVT) and Viavi Solutions (VIAV)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Avnet (AVT – Research Report) and Viavi Solutions (VIAV – Research Report).
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Avnet (AVT)
In a report issued on January 30, Ruplu Bhattacharya from Bank of America Securities reiterated a Sell rating on Avnet, with a price target of $55.00. The company’s shares closed last Friday at $62.39.
According to TipRanks.com, Bhattacharya is a 4-star analyst with an average return of
Avnet has an analyst consensus of Moderate Sell, with a price target consensus of $56.00, representing a -9.8% downside. In a report issued on January 23, Wells Fargo also maintained a Sell rating on the stock with a $43.00 price target.
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Viavi Solutions (VIAV)
Argus Research analyst Jim Kelleher reiterated a Buy rating on Viavi Solutions on January 29 and set a price target of $28.00. The company’s shares closed last Friday at $24.46.
According to TipRanks.com, Kelleher is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viavi Solutions with a $25.61 average price target, a 5.6% upside from current levels. In a report issued on January 29, TipRanks – Google also upgraded the stock to Buy with a $23.00 price target.
