JPMorgan Upgrades Lumentum (LITE) to Overweight
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Price: $921.56 +3.59%
Rating Summary:
23 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
23 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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JPMorgan analyst Samik Chatterjee upgraded Lumentum (NASDAQ: LITE) from Neutral to Overweight with a price target of $80.00.
The analyst is positive on the company given a stronger NT outlook in Telecom and Data along with solid 3D sensing growth. He is expecting Q1 2019 and Q2 2019 guidance to track favorably.
For an analyst ratings summary and ratings history on Lumentum click here. For more ratings news on Lumentum click here.
Shares of Lumentum closed at $55.98 yesterday.
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