Citigroup Maintains Buy on Coherent, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has maintained a 'Buy' rating on Coherent (NYSE:COHR) but lowered the price target from $40 to $39.

August 18, 2023 | 3:24 pm
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NEUTRAL IMPACT
Coherent's price target has been lowered by Citigroup from $40 to $39, though the 'Buy' rating is maintained.
While the lowering of the price target might indicate a slightly less optimistic outlook for Coherent, the maintained 'Buy' rating suggests that Citigroup still sees potential upside in the stock. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100