BofA raised the firm’s price target on Lumentum (LITE) to $375 from $210 and keeps a Neutral rating on the shares. The firm raised its price targets “significantly” for both Coherent (COHR) and Lumentum due to outsized demand for optical transceivers and components, where demand continues to exceed supply.
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- Lumentum price target raised to $350 from $235 at JPMorgan
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