Barclays Maintains Underweight on Lumentum Holdings, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Underweight rating on Lumentum Holdings (NASDAQ:LITE) and reduced the price target from $40 to $38.
May 07, 2024 | 3:25 pm
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Barclays has maintained an Underweight rating on Lumentum Holdings and lowered the price target from $40 to $38.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on Lumentum Holdings by the analyst. This could lead to negative investor sentiment and potentially lower stock prices in the short term.
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