Jefferies & Co. has a Hold rating and a $9 price target on shares of Harmonic Inc. HLIT after the company reported earnings.
In a note to clients, Jefferies writes, "We continue to believe the risk/reward presented by Harmonic shares is fairly balanced - we don't find the current (roughly average) valuation of 15x 2012 EPS particularly attractive right now."
Shares of HLIT are down 50 cents to $8.58, a loss of 5.5% in early Friday trade.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCommunications EquipmentInformation TechnologyJefferies & Co.
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