Morgan Stanley Maintains Overweight on Coherent, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on Coherent (NYSE:COHR) and raised the price target from $40 to $55.
August 04, 2023 | 1:31 pm
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Morgan Stanley has maintained an Overweight rating on Coherent and raised the price target from $40 to $55, which could lead to a positive market reaction.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for Coherent. The increase in price target from $40 to $55 suggests that the analyst sees significant upside potential for the stock. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100