Northland analyst Tim Savageaux raised the firm’s price target on Coherent (COHR) to $170 from $125 and keeps a Market Perform rating on the shares. The firm raised its target on FY27 estimates, but maintains its relative performance analysis in evaluating what it saw this go round with Coherent once again trialing the pack relative to Fabrinet (FN) and Lumentum (LITE), the analyst tells investors.
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