Coherent shares are trading higher after B. Riley upgraded the stock from Neutral to Buy and raised its price target from $37 to $51.
Portfolio Pulse from Benzinga Newsdesk
B. Riley has upgraded Coherent's stock from Neutral to Buy and raised its price target from $37 to $51. This has resulted in Coherent shares trading higher.
October 11, 2023 | 2:49 pm
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POSITIVE IMPACT
Coherent's stock has been upgraded by B. Riley from Neutral to Buy, with a price target increase from $37 to $51. This has led to a rise in the trading price of Coherent shares.
The upgrade from B. Riley is a positive signal for investors, indicating increased confidence in the company's performance. The raised price target suggests that B. Riley expects the stock to perform well in the future, which is likely to attract more investors, driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100