Barclays analyst Tom O’Malley raised the firm’s price target on Coherent (COHR) to $110 from $90 and keeps an Overweight rating on the shares following the earnings report. The firm says the company’s long-term story remains unchanged despite the “lumpy” datacom results.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR: