Raymond James Maintains Outperform on Lumentum Holdings, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained an 'Outperform' rating on Lumentum Holdings (NASDAQ:LITE) and raised the price target from $49.5 to $54.
November 09, 2023 | 12:38 pm
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Raymond James has maintained an 'Outperform' rating on Lumentum Holdings and raised the price target to $54, which could positively impact the stock's performance.
The 'Outperform' rating indicates that the analyst expects Lumentum Holdings to do better than the market average. The increase in price target from $49.5 to $54 suggests that the analyst sees potential for the stock's price to rise. This could lead to increased investor interest and a potential increase in the stock's price in the short term.
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