Coherent Announces Radical New Fiber Laser Platform

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Rosenblatt Downgrades Coherent (COHR) to Neutral

October 22, 2024 6:06 AM EDT

Rosenblatt analyst Mike Genovese downgraded Coherent (NYSE: COHR) from Buy to Neutral with a price target of $105.00.

The analyst comments "COHR is up 126% YTD because of its leadership in Datacom transceivers for AI, a strong new CEO, and the potential for the Telecom and Industrial businesses to improve. We believe Coherent will be a long-term AI winner, and the stock looks good for investors with a three-year time... More