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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100