Lumentum (LITE) option implied volatiltiy elevated into JPMorgan downgrade
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Lumentum (LITE) PT Lowered to $72 at Piper Jaffray Following Recent Sell-Off
November 13, 2018 9:14 AM ESTPiper Jaffray analyst Troy Jensen lowered the price target on Lumentum (NASDAQ: LITE) to $72.00 (from $85.00) while maintaining a Overweight rating Following the 33% drop in the company's stock price. Jensen believes the reduced forecast at Apple has nothing to due with lost share for... More
Lumentum (LITE) PT Lowered to $60 at MKM Partners Following Guidance Cut
November 13, 2018 8:48 AM ESTMKM Partners analyst Michael Genovese lowered the price target on Lumentum (NASDAQ: LITE) to $60.00 (from $78.00) while maintaining a Buy rating. Yesterday morning Lumentum lowered the 2QFY19 guidance it just provided on November 1. The company reduced the revenue outlook by $72.5mn at the mid-point to... More
