Jefferies analyst George Notter initiated coverage of Coherent (COHR) with a Buy rating and $135 price target Coherent is a materials science company with a focus on optoelectronic components and laser systems, the analyst tells investors in a research note. The firm thinks the Street still underestimates the amount of earnings power they can generate as new CEO Jim Anderson’s streamlining and restructuring plan gets implemented.
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Read More on COHR:
- Coherent put volume heavy and directionally bearish
- Coherent releases high-speed InP photodiodes for 1.6T transceivers
- Coherent price target raised to $136 from $106 at Citi
- Coherent Corp Awards Stock Units to New CFO
- Coherent Director Elizabeth Patrick sells $580K in shares
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
