Coherent, Inc. (COHR) Misses Q2 EPS by 7c
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Needham & Company Cuts Price Target on Coherent, Inc. (COHR) to $68 Following 3Q EPS Miss
July 31, 2015 10:11 AM EDTNeedham & Company maintained a Buy rating on Coherent (NASDAQ: COHR), and cut the price target to $68.00 (from $72.00), following 3Q results. Revenue totaled $188.5M, slightly below the low end of guidance and 7% below consensus. Non-GAAP EPS totaled $0.82, compared with Street expectations of $0.89.
Analyst James Ricchiuti commented, "COHR... More
