Coherent (COHR) Receives a Rating Update from a Top Analyst


Benchmark Co. analyst Mark Miller maintained a Buy rating on Coherent (COHR) today and set a price target of $165. The company’s shares closed yesterday at $148.01.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.4% and a 68.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

Coherent has an analyst consensus of Moderate Buy, with a price target consensus of $154.25.

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Based on Coherent’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $35.55 million. In comparison, last year the company had a net profit of $65.3 million.

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Coherent, Inc. engages in the design, manufacture, and service of lasers and related accessories. It operates through the OEM Laser Sources (OLS), and Industrial Lasers and Systems (ILS) business segments.

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