Lumentum (LITE) PT Raised to $77 at B. Riley
Tweet
Share
E-mailGet Alerts LITE Hot Sheet
Price: $880.41 -5.58%
Rating Summary:
24 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
24 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Join SI Premium – FREE
B. Riley raised its price target on Lumentum (NASDAQ: LITE) to $77.00 (from $58.00) while maintaining a Buy rating.
Analyst David Kang is incremental more confidence on the company's opportunities in the 3D sensing space. He comments that China optical demand remains soft with limited visibility.
He raises FY 2018 EPS estimate from $2.56 to $2.60 and introduces FY 2019 EPS estimate of $3.50.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Golar LNG Ltd. (GLNG) PT Raised to $70 at BTIG
- Freedom Broker Downgrades Holley (HLLY) to Hold
- Asia Vital Components Co Ltd (3017:TT) PT Raised to NT$4,250 at Macquarie
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT Change, Hot CommentsRelated Entities
B. RileySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
