Northland Capital Markets Downgrades Coherent: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Northland Capital Markets downgraded Coherent (NYSE:COHR) to Market Perform with a price target of $45.00, up from $38.00. Shares of Coherent are trading down 13.79% over the last 24 hours, at $47.68 per share.
June 21, 2023 | 5:03 pm
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Coherent downgraded to Market Perform by Northland Capital Markets, with a price target of $45.00, up from $38.00. Shares are trading down 13.79% over the last 24 hours.
The downgrade by Northland Capital Markets is likely to have a negative impact on Coherent's stock price in the short term. The new price target of $45.00, although higher than the previous target, still represents a 5.62% decline from the current share price. The 13.79% drop in share price over the last 24 hours also indicates negative sentiment surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100