Harmonic price target lowered to $10 from $14 at Barclays

Barclays analyst Tim Long lowered the firm’s price target on Harmonic (HLIT) to $10 from $14 and keeps an Equal Weight rating on the shares. The company’s Q4 beat expectations with both Broadband and Video ahead of estimates, but its fiscal 2025 Broadband guidance assumes a “significantly deeper” slowdown than estimated, the analyst tells investors in a research note.