Rosenblatt Maintains Buy on Lumentum Holdings, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has maintained a 'Buy' rating on Lumentum Holdings (NASDAQ:LITE) but lowered the price target from $62 to $55.
October 31, 2023 | 12:00 pm
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NEUTRAL IMPACT
Rosenblatt has maintained a 'Buy' rating on Lumentum Holdings but lowered the price target from $62 to $55. This could potentially impact the stock's performance.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a less optimistic outlook for the company's stock. This could potentially lead to a short-term decrease in the stock price, but the overall impact is uncertain due to the maintained 'Buy' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100