MKM Partners Reiterates Buy on Lumentum Holdings (LITE)

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Go back to MKM Partners Reiterates Buy on Lumentum Holdings (LITE)

Needham & Company Reiterates Strong Buy on Lumentum Holdings (LITE) Following Recent Sell-Off

October 8, 2018 8:06 AM EDT

Needham & Company analyst, Alex Henderson, reiterated a Strong Buy rating and $90.00 price target on Lumentum (NASDAQ: LITE) following the company's 7% decline on Friday. Henderson thinks this sell-off is unwarranted. Lumentum's business remains healthy, its ROADM business in particular is strong and the... More