StoneX Initiates Coverage on Lumentum and Coherent with Buy Ratings
Investment firm StoneX has launched coverage on optical networking companies Lumentum (LITE) and Coherent (COHR), assigning both stocks a 'Buy' rating. The analyst team expressed optimism regarding the growth prospects of these players within the optical communications sector. StoneX set an ambitious price target of $1,200 for Lumentum and $425 for Coherent. This initiation of coverage highlights investor interest in companies positioned to benefit from evolving networking infrastructure demands.