Raymond James Maintains Outperform on Coherent, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained an Outperform rating on Coherent (NYSE:COHR) and increased the price target from $42 to $53.
December 15, 2023 | 3:05 pm
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Raymond James analyst Simon Leopold has reaffirmed Coherent's Outperform rating and raised the price target from $42 to $53, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. This can lead to increased investor confidence and potentially drive the stock price up.
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