Citi analyst Papa Sylla raised the firm’s price target on Lumentum (LITE) to $800 from $560 and keeps a Buy rating on the shares. The firm added “upside 30-day catalyst watches” on both Corning and Lumentum ahead of the Optical Fiber Communication conference on March 17-19. Citi views the companies as “pillars” in the AI optical networking ecosystem and expects positive news from the conference.
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