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Coherent upgraded to Overweight from Equal Weight at Morgan Stanley
The Fly

Coherent upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Meta Marshall upgraded Coherent to Overweight from Equal Weight with a price target of $45, up from $43. Peaking long term interest rates should reduce the interest expense overhang on the company’s multiple, Coherent tells investors in a research note. The analyst says Coherent is trading two standard deviations below its five year average.

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