Northland raised the firm’s price target on Coherent to $45 from $35 and keeps a Market Perform rating on the shares, reflecting the firm’s initiation of FY25 estimates and “modest increases” in FY24 estimates following the company’s “mixed” Q2 report and outlook.
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Read More on COHR:
- Coherent Corp.’s New Accounting & Financial Operations Risk – A Cause for Worry?
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- Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results
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- Coherent reports Q2 adjusted gross margin 36%
