BofA analyst Vivek Arya raised the firm’s price target on Lumentum (LITE) to $210 from $135 and keeps a Neutral rating on the shares. The company’s portfolio of core laser components, transceivers, and optical circuit switches is “optimally suited to address the massive surge in optical connectivity demand,” but the firm’s raised target “prices in much potential for future upside,” the analyst tells investors.
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Read More on LITE:
- Lumentum price target raised to $250 from $150 at Northland
- Lumentum price target raised to $147 from $83 at B. Riley
- Lumentum price target raised to $220 from $132 at Stifel
- Lumentum price target raised to $235 from $185 at JPMorgan
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