Barclays analyst Tom O’Malley raised the firm’s price target on Coherent to $85 from $66 and keeps an Overweight rating on the shares following channel checks in the semiconductor group.
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:
- COHR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Coherent price target raised to $85 from $75 at JPMorgan
- Coherent upgraded to Buy from Neutral at BofA
- Options Volatility and Implied Earnings Moves This Week, August 12 – August 15, 2024
- Coherent Corp President Resigns Amid Restructuring