Morgan Stanley Maintains Overweight on Coherent, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has maintained an Overweight rating on Coherent (NYSE:COHR) but lowered the price target from $55 to $39.
August 17, 2023 | 12:46 pm
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Morgan Stanley has maintained an Overweight rating on Coherent but lowered the price target from $55 to $39.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Coherent in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100