Coherent, Inc. (COHR) Tops Q4 EPS by 13c
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Needham & Company Raises Price Target on Coherent, Inc. (COHR) to $130 Following Strong 4Q
November 3, 2016 7:47 AM EDTNeedham & Company reiterated a Buy rating on Coherent, Inc. (NASDAQ: COHR), and raised the price target to $130.00 (from $115.00), following the company's 4Q earnings report. Revenues increased 19% y/o/y to $248.5M, above guidance of $235M-245M and well ahead of consensus $242M. Non-GAAP EPS came in at $1.65, well above consensus... More
