Stifel Maintains Buy on Lumentum Holdings, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has maintained a 'Buy' rating on Lumentum Holdings (NASDAQ:LITE) but lowered the price target from $62 to $55.
August 18, 2023 | 2:26 pm
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NEUTRAL IMPACT
Stifel analyst has maintained a 'Buy' rating on Lumentum Holdings but lowered the price target from $62 to $55.
The news is directly related to Lumentum Holdings. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential short-term decrease in the stock price. However, the overall impact is neutral as the 'Buy' rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100