Raymond James lowered the firm’s price target on Lumentum (LITE) to $80 from $82 and keeps a Strong Buy rating on the shares. Lumentum reported a beat and raise Q3, with robust demand and pricing power and a “mangeable” impact of tariffs, the analyst tells investors in a research note. The firm thinks Lumentum will hit the $500M sales milestone a quarter early, in September 2025, and says margins are inflecting positively.
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Read More on LITE:
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