Needham Maintains Buy on Coherent, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has maintained a 'Buy' rating on Coherent (NYSE:COHR) but lowered the price target from $50 to $46.

November 07, 2023 | 8:25 pm
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Coherent's price target has been lowered from $50 to $46 by Needham, although the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100