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Fly News Breaks for November 1, 2019
LITE
Nov 1, 2019 | 08:09 EDT
B. Riley FBR analyst Dave Kang raised his price target for Lumentum to $75 from $71 and reiterates a Buy rating on the shares following the company's better than expected fiscal Q1 results. Lumentum's growth prospects "remain compelling" in fiscal 2021, as its lead customer introduces 5G models with world facing sensors, resulting in higher dollar content, Kang tells investors in a research note.
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