Fly News Breaks for February 5, 2020
Feb 5, 2020 | 09:12 EDT
DA Davidson analyst Thomas Diffely raised his price target on Lumentum to $100 and kept his Buy rating after its "solid" Q2 earnings beat. The analyst says the quarter highlighted the company's strong demand, "operational excellence", increasing scale, and progress with realizing cost synergies. Diffely also maintain a bullish outlook on Lumentum's long term growth potential driven by "global networks, data center, and 5G".
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