Barclays Maintains Equal-Weight on Coherent, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on Coherent (NYSE:COHR) and lowered the price target from $45 to $38.
August 17, 2023 | 10:57 am
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NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on Coherent and lowered the price target from $45 to $38, which could potentially impact the stock's performance.
The lowering of the price target by Barclays from $45 to $38 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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100