UPDATE: Raymond James Downgrades Lumentum (LITE) to Outperform, Remains Favored Play on Opticals

October 12, 2021 4:55 AM EDT
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Price: $85.37 --0%

Rating Summary:
    13 Buy, 7 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 5 | Down: 9 | New: 25
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(Updated - October 12, 2021 4:56 AM EDT)

Raymond James analyst Simon Leopold downgraded Lumentum (NASDAQ: LITE) from Strong Buy to Outperform with a price target of $96.00.

The analyst comments "We reduce our Lumentum rating to Outperform from Strong Buy considering both Pros and Cons for the stock including expectations for a lower than consensus outlook in December. Lumentum remains our favorite play on optical components. Our price target remains $96."

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 $85.54 yesterday.

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