Rosenblatt Downgrades Coherent to Neutral, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has downgraded Coherent (NYSE:COHR) from Buy to Neutral, while raising the price target from $84 to $105.
October 22, 2024 | 11:19 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Rosenblatt has downgraded Coherent from Buy to Neutral, indicating a less bullish outlook. However, the price target has been raised to $105, suggesting potential for price appreciation.
The downgrade from Buy to Neutral suggests a less optimistic view on Coherent's stock, which could lead to a neutral short-term impact. However, the raised price target to $105 indicates potential for price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100