Morgan Stanley raised the firm’s price target on Coherent (COHR) to $83 from $74 and keeps an Equal Weight rating on the shares. Coherent’s analyst day highlighted opportunities the company has for high growth and laid out multiple ways in which they are positioned to gain share in high growth markets, the analyst tells investors. Commitments on growth were higher than expected, which causes the firm to raise “numbers meaningfully,” but investors were relatively long into the event, causing the firm to remain at Equal Weight, the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR:
- Coherent price target raised to $90 from $85 at Needham
- Coherent Corp’s Strategic Growth and Financial Optimization Drive Buy Rating
- Coherent price target raised to $92 from $80 at BofA
- Bullish Outlook on Coherent Corp: Strategic Growth and Earnings Potential
- Coherent Corp’s Growth Potential: Balancing Optimism with Caution in a Competitive Market
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue