JPMorgan placed Coherent (COHR) on “Positive Catalyst Watch” heading into the May 28 investor day. The company has already demonstrated “it is on a promising trajectory of growth and transformation under the stewardship of CEO, Jim Anderson,” the analyst tells investors in a research note. The firm says Coherent is well positioned for sustained growth. It expects the company’s updated targets to support a pathway to $7 of earnings per share. JPMorgan keeps an Overweight rating on Coherent with an $86 price target
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