Lumentum price target raised to $550 from $420 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on Lumentum (LITE) to $550 from $420 and keeps a Positive rating on the shares. The firm updated its model following blowout quarterly results and provided an impressive intermediate outlook for OCS and CPO scale-out and now scale-up in three new substantial markets.

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