B. Riley Securities Maintains Neutral on Lumentum Holdings, Lowers Price Target to $40
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 $41 to $40.
May 07, 2024 | 4:52 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Neutral rating on Lumentum Holdings and lowers the price target from $41 to $40.
The adjustment in price target by B. Riley Securities reflects a minor 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 the market absorbs the slight adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100