B of A Securities Downgrades Lumentum Holdings to Underperform, Announces $50 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Vivek Arya has downgraded Lumentum Holdings (NASDAQ:LITE) from Neutral to Underperform and set a price target of $50.
July 18, 2023 | 10:54 am
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Lumentum Holdings has been downgraded from Neutral to Underperform by B of A Securities, with a new price target of $50.
The downgrade from B of A Securities is likely to negatively impact Lumentum Holdings' stock in the short term. The new price target of $50, if lower than the current price, could also put downward pressure on the stock.
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