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Fly News Breaks for May 8, 2019
LITE
May 8, 2019 | 09:10 EDT
Craig-Hallum analyst Richard Shannon raised his price target for Lumentum to $81 from $65 following a Q3 beat, with Q4 sales/EPS beat after adjusting for Datacom divestiture. The analyst also cites improving margin and "solid" growth story with increasing 3DS diversification in 2020. He reiterates a Buy rating on the shares.
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