Craig-Hallum Maintains Hold on Lumentum Holdings, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a 'Hold' rating on Lumentum Holdings (NASDAQ:LITE) and raises the price target from $50 to $53.
August 18, 2023 | 3:58 pm
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NEUTRAL IMPACT
The price target for Lumentum Holdings (NASDAQ:LITE) has been raised from $50 to $53 by Craig-Hallum, while maintaining a 'Hold' rating.
The news is directly about Lumentum Holdings and its price target being raised by Craig-Hallum. This suggests that the analyst sees potential for the stock's price to increase, but the 'Hold' rating indicates that they do not recommend buying or selling the stock at this time. This could lead to a neutral short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100