B. Riley analyst Dave Kang raised the firm’s price target on Lumentum (LITE) to $75 from $62 and keeps a Neutral rating on the shares following the fiscal Q2 report. After a lengthy downturn, telecom is starting to recover, the analyst tells investors in a research note. The firm keeps a Neutral rating based on valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LITE: