Coherent (COHR) PT Raised to $240 at Susquehanna; Reiterates Neutral
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Price: $419.06 +7.57%
Rating Summary:
19 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 8 | New: 23
Rating Summary:
19 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 8 | New: 23
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Susquehanna raised its price target on Coherent (NASDAQ: COHR) to $240.00 (from $225.00) while maintaining a Neutral rating. Coherent reported a strong 2Q with margins exceeding consensus estimates, driven by ongoing ELA growth and a full quarter contribution from Rofin.
The company reported revenue of $423M beating the consensus of $403M and guidance of $400M. EPS of $2.91 exceeded the consensus of $2.45.
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