Lumentum Announces Fiscal Third Quarter 2023 Financial Results

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Lumentum Holdings (LITE) cut at Barclays after one reset too many

May 10, 2023 1:17 PM EDT

Barclays analyst Tom O'Malley downgraded Lumentum Holdings (NASDAQ: LITE) to Equal Weight from Overweight, cutting the price target on the stock to $40 from $55 per share in a note Wednesday.

Lumentum shares are down more than 4% so far in the session, at levels last... More