B of A Securities Maintains Buy on Coherent, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains a Buy rating on Coherent (NYSE:COHR) and raises the price target from $90 to $108.
October 04, 2024 | 4:45 pm
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POSITIVE IMPACT
B of A Securities has reaffirmed its Buy rating on Coherent and increased the price target from $90 to $108, indicating a positive outlook for the stock.
The reaffirmation of a Buy rating and an increased price target from a reputable analyst can boost investor confidence and potentially lead to a short-term increase in stock price. The significant raise in the price target suggests strong expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100