Analysts have been eager to weigh in on the Technology sector with new ratings on Brooks Automation (BRKS) and Coherent (COHR).
Brooks Automation (BRKS)
In a report released today, Stephen Unger from Needham reiterated a Buy rating on Brooks Automation, with a price target of $77.00. The company’s shares closed last Tuesday at $59.43, close to its 52-week high of $64.15.
According to TipRanks.com, Unger is a 5-star analyst with an average return of 33.2% and a 73.9% success rate. Unger covers the Healthcare sector, focusing on stocks such as Myriad Genetics, Thermo Fisher, and PerkinElmer.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brooks Automation with a $66.25 average price target.
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Coherent (COHR)
In a report released today, James Ricchiuti from Needham assigned a Hold rating to Coherent. The company’s shares closed last Tuesday at $137.07.
According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 18.2% and a 67.3% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Faro Technologies.
Currently, the analyst consensus on Coherent is a Moderate Buy with an average price target of $160.00, implying a 15.1% upside from current levels. In a report released today, Stifel Nicolaus also downgraded the stock to Hold.
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