B. Riley Securities Maintains Neutral on Lumentum Holdings, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Dave Kang maintains a Neutral rating on Lumentum Holdings (NASDAQ:LITE) and lowers the price target from $42 to $41.

February 09, 2024 | 4:13 pm
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B. Riley Securities maintains a Neutral rating on Lumentum Holdings and lowers the price target from $42 to $41.
The adjustment in price target by B. Riley Securities reflects a slight negative sentiment towards Lumentum Holdings' short-term price potential, but the maintenance of a Neutral rating suggests no significant change in the company's overall outlook. This could lead to a neutral short-term impact on LITE's stock price as investors digest the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100