Coherent price target raised to $203 from $113 at B. Riley

B. Riley raised the firm’s price target on Coherent (COHR) to $203 from $113 and keeps a Neutral rating on the shares. Coherent’s Q2 revenue and EPS consensus estimates, the analyst tells investors in a research note. At the same time, the firm prefers Lumentum (LITE) over Coherent, as Lumentum remains the best-in-class pure-play for AI-driven optical infrastructure.

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