JP Morgan Maintains Overweight on Lumentum Holdings, Lowers Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Lumentum Holdings (NASDAQ:LITE) but lowers the price target from $64 to $57.

August 18, 2023 | 1:21 pm
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JP Morgan maintains an Overweight rating on Lumentum Holdings but lowers the price target from $64 to $57.
The news is directly related to Lumentum Holdings. While the Overweight rating is maintained, the lowering of the price target could indicate a potential downside risk. However, the impact on the stock price in the short term is uncertain as it depends on how investors interpret this news.
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