Craig-Hallum raised the firm’s price target on Lumentum to $70 from $65 and keeps a Buy rating on the shares. The firm says Lumentum’s better-than-expected guidance bodes well for the ramp it called out in its upgrade last December. While it was a little early, Craig-Hallum thinks it’s a good roadmap for where this stock can go. As such, the firm says it is a strong buyer of the stock at current levels.
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