Susquehanna raised the firm’s price target on Lumentum (LITE) to $190 from $140 and keeps a Positive rating on the shares as part of an earnings preview for the semiconductor group. The firm generally expects in-line results to modest upside in Q3. However Chinese electric vehicle production cuts and easing tariff pull-ins may negatively impact the Q4 outlook for auto exposed names, the analyst tells investors in a research note. Still, Susquehanna expects “generally better than seasonal results” for the group in Q4.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LITE:
- Apple upgraded, Rivian downgraded: Wall Street’s top analyst calls
- Lumentum downgraded to Equal Weight from Overweight at Barclays
- Lumentum price target raised to $185 from $145 at JPMorgan
- Optimistic Buy Rating for Lumentum Holdings Amid Strong Datacenter Growth and AI-Driven Demand
- Coherent price target raised to $150 from $135 at Rosenblatt