Barclays Downgrades Lumentum Holdings to Underweight, Raises Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Tom O'Malley has downgraded Lumentum Holdings (NASDAQ:LITE) from Equal-Weight to Underweight and raised the price target from $40 to $42.
July 05, 2023 | 9:51 am
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Lumentum Holdings has been downgraded by Barclays from Equal-Weight to Underweight, although the price target has been raised from $40 to $42.
The downgrade from Barclays could potentially lead to a decrease in the stock price of Lumentum Holdings in the short term. However, the increase in the price target might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100