Morgan Stanley lowered the firm’s price target on Coherent (COHR) to $89 from $97 and keeps an Equal Weight rating on the shares. Q4 EPS exceeded Street estimates, but the results and outlook were “underwhelming” in light of the 20% move in the stock over the last month and elevated expectations given other AI prints, the analyst tells investors. The stock is likely “to remain in the penalty box for now,” the analyst argues.
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Read More on COHR:
- Coherent price target lowered to $135 from $150 at Rosenblatt
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