Lumentum Holdings (LITE) Tops Q1 EPS by 29c, Offers Guidance
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Lumentum (LITE) PT Raised to $88 at B.Riley/FBR
November 2, 2018 2:56 AM EDTB.Riley/FBR analyst Dave Kang raised the price target on Lumentum (NASDAQ: LITE) to $88.00 (from $83.00) while maintaining a Buy rating.
The analyst raises his modeled estimates for FY 2019/2020 and notes that strong 3D sensing and telecom were the drivers behind the strong quarterly report.
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