Lumentum Announces Revised Proposal for Coherent
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Rosenblatt Downgrades Lumentum (LITE) to Neutral
March 18, 2021 5:02 AM EDTRosenblatt analyst Ryan Koontz downgraded Lumentum (NASDAQ: LITE) from Buy to Neutral with a price target of $97.00 (from $105.00).
The analyst comments "Speculation of 1H21 iPhone production cuts combined with recent share loss at Apple increases our concern that LITE may be challenged to... More
