Rosenblatt lowered the firm’s price target on Coherent (COHR) to $135 from $150 and keeps a Buy rating on the shares following the fiscal Q4 report. The firm says the company tends to guide conservatively. It sees no fundamental impairment to the positive thesis following the earnings report.
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Read More on COHR:
- Coherent price target raised to $118 from $100 at Stifel
- Coherent Corp: Buy Rating Affirmed Amid Strong Datacom Growth and Long-term Potential
- Coherent downgraded to Neutral at BofA on growth deceleration
- Coherent downgraded to Neutral from Buy at BofA
- Coherent price target raised to $110 from $90 at Barclays