BofA analyst Vivek Arya raised the firm’s price target on Coherent (COHR) to $92 from $80 and keeps a Buy rating on the shares. The company’s analyst day illuminated how Coherent’s differentiated portfolio and supply position enable it to attack multiple high growth vectors and gain share, the analyst tells investors. The updated target model, while below soft expectations for about 45% gross margins and $8-plus EPS, still points to $7-$8 earnings power by FY28, the analyst added.
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Read More on COHR:
- Bullish Outlook on Coherent Corp: Strategic Growth and Earnings Potential
- Coherent Corp’s Growth Potential: Balancing Optimism with Caution in a Competitive Market
- Coherent Corp’s Growth Potential and Strategic Positioning Justify Buy Rating and Increased Price Objective
- Coherent Corp’s Strategic Initiatives and Growth Prospects Earn Buy Rating from Analyst
- Coherent price target raised to $90 from $80 at Barclays
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