Morgan Stanley analyst Meta Marshall raised the firm’s price target on Coherent (COHR) to $150 from $120 and keeps an Equal Weight rating on the shares after the company reported a better than expected fiscal Q1. Coherent should be in a better position to outperform Street estimates as InP capacity doubles over the next year, but it still needs to “prove out” the bull case on market expansions, the analyst tells investors.
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Read More on COHR:
- Coherent downgraded to Market Perform from Outperform at Northland
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