Lumentum Holdings (LITE) Stock Nears $1,000 After Analyst Boost

TLDR LITE stock surged 11.14% on September 8, extending its recent strong upward move. Deutsche Bank started coverage with a Buy rating and a $1,200 price target. Evercore ISI launched coverage with an Outperform rating and a $1,100 target. Management pointed to stronger orders and potential earnings of about $40 per share in fiscal 2028. [...]

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