Harmonic price target raised to $23 from $20 at Northland

Northland raised the firm’s price target on Harmonic (HLIT) to $23 from $20 and keeps an Outperform rating on the shares after the company announced its selection by Charter (CHTR) as a strategic technology partner. The deal with Charter confirms the firm’s view of Harmonic "as the leader" in an upgrade opportunity that could reach $1B, the analyst tells investors.