Needham Maintains Buy on Lumentum Holdings, Lowers Price Target to $800
Needham analyst Ryan Koontz maintains Lumentum Holdings (NASDAQ:LITE) with a Buy and lowers the price target from $1040 to $800.
An expert says Lumentum is still worth buying, but thinks the stock might be worth less money than before. When experts lower their price targets, it hints that the company faces tougher times ahead, so watch how the business actually performs.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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