B. Riley Securities Downgrades Coherent to Neutral, Announces $47 Price Target
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Daniel Day has downgraded Coherent (NYSE:COHR) from Buy to Neutral and set a price target of $47.
June 28, 2023 | 9:53 am
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NEGATIVE IMPACT
Coherent has been downgraded from Buy to Neutral by B. Riley Securities, with a new price target of $47.
The downgrade from Buy to Neutral by B. Riley Securities indicates a less optimistic outlook for Coherent's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $47 also suggests a potential downside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100