Lumentum price target raised to $350 from $304 at Morgan Stanley

Morgan Stanley raised the firm’s price target connected Lumentum (LITE) to $350 from $304 and keeps an Equal Weight standing connected the shares. Into fiscal Q2 EPS, the biggest unknowns are mostly connected margins, arsenic request conditions stay beardown and the institution remains mostly capableness constrained, the expert tells investors successful a preview.

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