B. Riley Securities Upgrades Coherent to Buy, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has upgraded Coherent (NYSE:COHR) from Neutral to Buy and raised the price target from $37 to $51.
October 11, 2023 | 1:33 pm
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Coherent's stock has been upgraded to Buy from Neutral by B. Riley Securities, with a raised price target of $51, up from $37.
The upgrade from Neutral to Buy indicates a positive outlook for Coherent's stock. The raised price target suggests that B. Riley Securities expects the stock to perform well in the short term. This could lead to increased investor interest and potentially a rise in the stock's price.
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