Barclays Maintains Underweight on Lumentum Holdings, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley maintains an Underweight rating on Lumentum Holdings (NASDAQ:LITE) but raises the price target from $38 to $40.
August 15, 2024 | 12:53 pm
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NEUTRAL IMPACT
Barclays analyst Tom O'Malley maintains an Underweight rating on Lumentum Holdings but raises the price target from $38 to $40.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100