Northland raised the firm’s price target on Coherent (COHR) to $95 from $85 and keeps an Outperform rating on the shares. The price target increase follows “extremely positive” comments from Ciena (CIEN) last week, noting a material increase in business activity since earnings just a few weeks ago, the analyst tells investors in a research note. The firm expects double digit growth for Coherent in fiscal 2026.
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