Goldman Sachs Group Inc Upgrades Lumentum Holdings Inc (LITE) to “Neutral”

Lumentum Holdings Inc (NDAQ:LITE) was upgraded by research analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports.

Separately, Stifel Nicolaus boosted their target price on shares of Lumentum Holdings from $45.00 to $57.50 and gave the stock a “buy” rating in a research report on Thursday, February 16th.

Lumentum Holdings (NDAQ:LITE) opened at 49.45 on Thursday. The firm has a 50-day moving average price of $45.50 and a 200-day moving average price of $40.64. The firm has a market capitalization of $3.00 billion and a P/E ratio of 207.77. Lumentum Holdings has a 52 week low of $20.80 and a 52 week high of $53.69.

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About Lumentum Holdings

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

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