Rosenblatt Downgrades Coherent: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Rosenblatt downgraded Coherent (NYSE:COHR) to Neutral with a price target of $55.00, up from $41.00. Coherent's shares are trading down 13.72% at $47.72 per share.
June 21, 2023 | 5:02 pm
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Rosenblatt downgraded Coherent to Neutral and raised its price target to $55.00. Shares are currently trading down 13.72% at $47.72.
The downgrade by Rosenblatt to Neutral indicates a less optimistic outlook for Coherent's stock. The raised price target of $55.00, however, suggests potential upside. The stock is currently trading down 13.72%, which may be a reaction to the downgrade. This news is directly related to COHR and is likely to have a short-term negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100