Citi initiates Lumentum coverage with Buy, citing AI optics leadership

2 hours ago 1
Lumentum Corporate Headquarters in San Jose, California, USA

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Citi initiated coverage on Lumentum Holdings (NASDAQ:LITE) with a Buy rating, expecting more upside in the stock, beyond its current 60.17% rise on a year-to-date basis. The brokerage expects the company to benefit from its more diverse, versatile AI optics portfolio, supplying key components for

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