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Fly News Breaks for October 22, 2018
LITE
Oct 22, 2018 | 16:31 EDT
Stifel analyst John Marchetti resumed coverage of Lumentum Holdings with a Buy rating and $75 price target. The analyst expects continued growth in the company's core telecom market amid increasing demand for ROADMs and other transport products. He believes the 3D sensing market for Lumentum could reach a $1B total addressable market as early as 2020.
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