Barclays analyst Tom O’Malley lowered the firm’s price target on Coherent (COHR) to $80 from $125 and keeps an Overweight rating on the shares. The firm updated semiconductor and semiconductor capital equipment models to reflect tariffs and the trade war ahead of Q1 earnings. The analyst reduced target multiples on China and consumer risk.
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Read More on COHR:
- Analysts Warn that Chip Export Rules Will Hurt More than Just Nvidia Stock (NVDA)
- Coherent price target lowered to $80 from $120 at JPMorgan
- Coherent price target lowered to $70 from $125 at BofA
- Coherent price target lowered to $110 from $136 at Citi
- Coherent price target lowered to $47 from $115 at Morgan Stanley
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