Susquehanna raised the firm’s price target on Coherent (COHR) to $120 from $100 and keeps a Positive rating on the shares as part of a Q2 preview for the semiconductor group. The firm expects in-line to modest upside reports, driving by tariff-related demand pull-ins and continued artificial intelligence strength. However, the back half of the year is more uncertain, the analyst tells investors in a research note.
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Read More on COHR:
- Coherent price target raised to $127 from $100 at JPMorgan
- Corning price target raised to $50 from $44 at Morgan Stanley
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- Lumentum price target raised to $85 from $76 at Morgan Stanley
- Coherent initiated with an Outperform at Wolfe Research