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Fly News Breaks for May 21, 2019
LITE
May 21, 2019 | 09:17 EDT
Jefferies analyst George Notter lowered his price target for Lumentum to $60 from $75 saying the company is "caught in the cross fire" of the current U.S. government/Huawei standoff. While the analyst reduced his estimates significantly, he also admits that this "whole issue could go away completely." He still likes the risk/reward on Lumentum shares and keeps a Buy rating on the name.
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