Jefferies analyst George Notter initiated coverage of Coherent (COHR) with a Buy rating and $135 price target Coherent is a materials science company with a focus on optoelectronic components and laser systems, the analyst tells investors in a research note. The firm thinks the Street still underestimates the amount of earnings power they can generate as new CEO Jim Anderson’s streamlining and restructuring plan gets implemented.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR: