Raymond James Maintains Outperform on Coherent, Lowers Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Simon Leopold has maintained an Outperform rating on Coherent (NYSE:COHR), but lowered the price target from $41 to $35.
August 17, 2023 | 8:13 am
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Coherent's price target has been lowered from $41 to $35 by Raymond James, although the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100