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LITE

Lumentum

$43.45

1.53 (3.65%)

16:24
12/10/18
12/10
16:24
12/10/18
16:24

Lumentum price target lowered to $63 from $72 at Piper Jaffray

Piper Jaffray analyst Troy Jensen reiterated an Overweight rating on Lumentum, but lowered his price target on shares to $63 from $72. Jensen believes the acquisition of Oclaro, which officially closed, strengthens the company. The analyst's new estimates "reflect only modest cost synergies and are nicely accretive to EPS." The firm is now expecting EPS for FY19 and FY20 of $4.52 and $5.10, respectively, along with FY19 revenue of $1.7B and FY20 revenue of $2.2B.

LITE Lumentum
$43.45

1.53 (3.65%)

11/14/18
DADA
11/14/18
NO CHANGE
Target $72
DADA
Neutral
Qorvo price target lowered to $72 from $81 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on Qorvo (QRVO) to $72 and kept his Neutral rating after the company cut its Q3 earnings guidance to reflect the expectations of a weaker high-end smartphone demand. The analyst believes that the "softer than expected" launch of the new iPhones by Apple (AAPL) has " triggered a rapid change in order flow over the past couple of weeks" and anticipates similar announcements from other Apple suppliers to track reduced guidance by Qorvo and Lumentum (LITE).
11/26/18
LOOP
11/26/18
NO CHANGE
Target $225
LOOP
Buy
Apple price target lowered to $225 from $259 at Loop Capital
Loop Capital analyst Ananda Baruah lowered his price target on Apple (AAPL) to $225 and also lowered his Q4 iPhone shipment target to 75M from 80M and 2019 target to 204M from 227M. The analyst cites the latest guidance revisions from Lumentum (LITE) along with reports that Apple's iPhone assembler Foxconn is lowering its output expectations. Baruah keeps his Buy rating on Apple, saying that it remains an "attractive long-term investment" given its median multiple of 15-times earnings, but also warns that the company could announce its guidance update as soon as today after meeting with Foxconn, which may prompt him to make additional estimate reductions.
11/28/18
LOOP
11/28/18
NO CHANGE
Target $56
LOOP
Buy
Lumentum price target raised to $56 from $47 at Loop Capital
Loop Capital analyst James Kisner raised his price target on Lumentum (LITE) to $56 and kept his Buy rating, opting for a "long view" on the stock following its November 12th pre-announcement regarding order cuts by Apple (AAPL). The analyst believes that the sell-off in Lumentum stock has given it a "very compelling" valuation and sees his new FY20 EPS view as "conservative and very achievable". Kisner further relates that his conversations with the management indicate that the company "has not yet received an updated forecast from Apple", with some possibility that "this information simply represents 'reverberations' of the same prior cuts, just for different parts of the supply chain."
12/06/18
MKMP
12/06/18
DOWNGRADE
MKMP
Neutral
Finisar downgraded to Neutral from Buy at MKM Partners
MKM Partners analyst Michael Genovese downgraded Finisar (FNSR) to Neutral from Buy with a price target of $24 after its merger agreement with II-VI (IIVI) announced last month. The analyst further notes that Q4 is trending well for the optical components group which also includes Lumentum (LITE) and Oclaro (OCLR), but believes that the guidance for March will be "sequentially down due to annual price negotiations and Chinese New Year".

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CBRE

CBRE Group

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WMT

Walmart

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Walmart

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DL

China Distance Education

$7.15

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  • 20

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SYY

Sysco

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PCG

PG&E

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  • 07

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PAGP

Plains GP Holdings

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F

Ford

$8.90

-0.05 (-0.56%)

, GM

General Motors

$36.39

-0.23 (-0.63%)

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Ford

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General Motors

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Honda

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Nissan

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TM

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TSLA

Tesla

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Volkswagen

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  • 19

    Nov

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  • 09

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  • 04

    Feb

MDT

Medtronic

$111.10

-0.15 (-0.13%)

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  • 19

    Nov

TPCO

Tribune Publishing

$9.74

0.16 (1.67%)

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RPAI

Retail Properties of America

$14.08

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, SHAK

Shake Shack

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  • 19

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CWT

California Water Service

$50.67

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BA

Boeing

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AXS

Axis Capital

$58.84

-0.1 (-0.17%)

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  • 20

    Nov

BA

Boeing

$366.93

-2.57 (-0.70%)

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SMLP

Summit Midstream

$3.79

-0.05 (-1.30%)

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TMST

TimkenSteel

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ATVI

Activision Blizzard

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TRS

TriMas

$30.92

0.13 (0.42%)

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BCRX

BioCryst

$2.03

0.33 (19.41%)

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  • 02

    Dec

BCRX

BioCryst

$2.03

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  • 02

    Dec

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