Lumentum price target lowered to $40 from $45 at Barclays

Barclays analyst Tom O’Malley lowered the firm’s price target on Lumentum to $40 from $45 and keeps an Underweight rating on the shares post the Q2 report. Cloud Light is seeing a big reset at Google so recently after the deal close makes it look less like the artificial intelligence play many hoped it would be, the analyst tells investors in a research note.