Lumentum Holdings Initiated at Outperform by Bernstein
Ratings actions from Benzinga: GMT) Lumentum Holdings Price Target Announced at $1220.00/Share by BernsteinRatings actions from Benzinga
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Lumentum marginally up as Bernstein initiates coverage with outperform and $1,220 PT
Lumentum Holdings shares were marginally up 0.24% at $975.83 premarket. Bernstein initiated coverage with an “outperform” rating and a $1,220 price target, citing continued upside to transceiver pricing as data center switches move to higher speeds. LSEG data compiled from 28 analysts shows an average “buy” rating and