Craig-Hallum Maintains Buy on Coherent, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a 'Buy' rating on Coherent (NYSE:COHR) but lowers the price target from $56 to $43.
August 17, 2023 | 4:01 pm
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Coherent's price target has been lowered from $56 to $43 by Craig-Hallum, though the 'Buy' rating is maintained.
The lowering of the price target by Craig-Hallum indicates a potential decrease in the short-term value of Coherent's stock. However, the maintained 'Buy' rating suggests that the analyst still sees long-term potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100