Needham Maintains Buy on Coherent, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Needham analyst James Ricchiuti has maintained a 'Buy' rating on Coherent (NYSE:COHR) but lowered the price target from $64 to $50.
August 17, 2023 | 8:24 am
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Coherent's price target has been lowered from $64 to $50 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham indicates a potential decrease in the stock's value in the short term. However, the maintained 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100