Coherent shares are trading higher after Needham maintained a Buy rating on the stock and raised its price target from $84 to $120. The company last week announced a new CFO.
Portfolio Pulse from Benzinga Newsdesk
Coherent shares rose after Needham maintained a Buy rating and increased the price target from $84 to $120. The company recently appointed a new CFO.
October 14, 2024 | 11:12 am
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POSITIVE IMPACT
Coherent's stock is trading higher following Needham's decision to maintain a Buy rating and raise the price target to $120. The recent appointment of a new CFO may also contribute to investor confidence.
The increase in price target by Needham from $84 to $120 and the maintained Buy rating are strong positive signals for investors, likely driving the stock price up. Additionally, the appointment of a new CFO can be seen as a strategic move to strengthen the company's financial leadership, further boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100