Stifel analyst Ruben Roy raised the firm’s price target on Coherent to $75 from $68 and keeps a Buy rating on the shares. Stifel expects Coherent will report Q4 results in-line to slightly above consensus estimates, primarily contemplating continued recovery amid a volatile demand environment, the analyst tells investors in a research note. The firm anticipates a Q1 outlook modestly above consensus estimates, primarily considering continued AI transceiver momentum.
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