UBS Maintains Buy on Coherent, Lowers Price Target to $7
Portfolio Pulse from jenniferd'souza@benzinga.com
UBS analyst Ashwani Verma maintains a 'Buy' rating on Coherent (NYSE:COHR) but has lowered the price target from $11 to $7.
August 07, 2023 | 1:37 pm
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NEUTRAL IMPACT
UBS analyst Ashwani Verma maintains a 'Buy' rating on Coherent but has lowered the price target from $11 to $7.
The news is directly related to Coherent (COHR). The maintained 'Buy' rating indicates a positive outlook for the company, however, the lowered price target may indicate a potential downside risk. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100