Raymond James Maintains Outperform on Lumentum Holdings, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained an 'Outperform' rating on Lumentum Holdings (NASDAQ:LITE) and increased the price target from $55 to $70.
October 04, 2024 | 5:53 pm
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POSITIVE IMPACT
Raymond James has reaffirmed its 'Outperform' rating for Lumentum Holdings and increased the price target from $55 to $70, indicating a positive outlook.
The increase in price target from $55 to $70 by Raymond James suggests a strong positive outlook for Lumentum Holdings. The 'Outperform' rating indicates confidence in the company's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100