Morgan Stanley Maintains Equal-Weight on Lumentum Holdings, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Equal-Weight rating on Lumentum Holdings (NASDAQ:LITE) but lowered the price target from $55 to $45.
October 27, 2023 | 1:27 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Lumentum Holdings but lowered the price target from $55 to $45.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Lumentum Holdings' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100