B. Riley Securities Downgrades Coherent to Neutral, Maintains Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Coherent (NYSE:COHR) from Buy to Neutral, while maintaining the price target at $86.
October 18, 2024 | 12:06 pm
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NEGATIVE IMPACT
B. Riley Securities downgraded Coherent from Buy to Neutral, maintaining the price target at $86. This downgrade may indicate a less optimistic outlook on Coherent's short-term performance.
The downgrade from Buy to Neutral suggests that the analyst sees less potential for Coherent's stock to outperform in the near term. Maintaining the price target indicates that the analyst does not expect significant changes in the stock's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100