Rosenblatt Downgrades Coherent (COHR) to Neutral Amid Run-Up

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Go back to Rosenblatt Downgrades Coherent (COHR) to Neutral Amid Run-Up

Coherent, Inc. (COHR) bull thesis and stock 'ahead of themselves,' claims Rosenblatt Securities

June 21, 2023 8:25 AM EDT

Coherent, Inc. (NASDAQ: COHR) was cut to Neutral from Buy at Rosenblatt Securities, with analyst Mike Genovese raising the firm's price target on the stock to $55 from $41.

On Tuesday, analysts at JPMorgan and Needham & Company released positive notes on COHR, stating AI... More