Viavi price target raised to $12 from $10.50 at Stifel

Stifel raised the firm’s price target on Viavi (VIAV) to $12 from $10.50 and keeps a Buy rating on the shares after the company announced a definitive agreement to acquire Inertial Labs for up to $325M. The firm thinks the deal “appears attractive,” given a likely higher margin on a smaller revenue base and key customer relationships, the analyst tells investors.