As previously reported, Susquehanna upgraded Coherent to Positive from Neutral with a price target of $120, up from $80. The firm believes new CEO Jim Anderson, and his platform optimization program, will “ultimately transform the company’s long-term financial model,” potentially providing the company with over 1,000 basis points of net margin expansion, the analyst tells investors. The firm is also encouraged by a number of new product announcements made at this year’s EEOC, the analyst added.
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