Rosenblatt Downgrades Coherent to Neutral, Raises Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Mike Genovese downgrades Coherent (NYSE:COHR) from Buy to Neutral and raises the price target from $41 to $55.

June 21, 2023 | 9:40 am
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NEUTRAL IMPACT
Coherent downgraded to Neutral by Rosenblatt, with price target raised from $41 to $55.
Rosenblatt's downgrade of Coherent to Neutral from Buy indicates a shift in their outlook for the stock. However, the raised price target from $41 to $55 suggests that they still see potential for growth. The short-term impact on the stock price is likely to be neutral as the downgrade and increased price target balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100