Coherent price target raised to $190 from $180 at Morgan Stanley
Morgan Stanley analyst Meta Marshall raised the firm’s price target on Coherent (COHR) to 180 and keeps an Equal Weight rating on the shares. Coherent has outperformed Lumentum (LITE) year-to-date, largely as performance catches up a little, but given expectations are lower, the firm is “more positively inclined on COHR vs. LITE into the print,” the analyst tells investors in an earnings preview. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne ...