Barclays assumes Lumentum, Coherent at Overweight; Finisar Neutral

• A few optical equipment firms are higher in early going this morning after an assumption of coverage at Barclays.
• Lumentum (NASDAQ:LITE) is up 2.8% with analysts Blayne Curtis and Thomas O'Malley assuming the stock at Overweight. Those shares are actually up 16.4% YTD.
• Laser maker Coherent (NASDAQ:COHR) is up 1.2% with an Overweight rating at Barclays as well. Shares are down 51.9% in 2018.
• Finisar (NASDAQ:FNSR) is up 2.2% after being assumed at Equal Weight. It's down 11.9% YTD.