B of A Securities Maintains Underperform on Lumentum Holdings, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains an 'Underperform' rating on Lumentum Holdings (NASDAQ:LITE) and lowers the price target from $50 to $45.
October 10, 2023 | 7:22 pm
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NEGATIVE IMPACT
B of A Securities has maintained an 'Underperform' rating on Lumentum Holdings and lowered the price target from $50 to $45.
The lowered price target and 'Underperform' rating by B of A Securities indicates a negative outlook for Lumentum Holdings. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100