COHR - Coherent's Characterization Of Cutting Market In China As Growth Opportunity: Analyst Digs In | Benzinga
Needham analyst Jim Ricchiuti reiterated a Buy rating on Coherent Corp. (NYSE: COHR), raising the price target to $52 from $46.
Industrial, the broadest of COHR’s market verticals (38% of FQ1’24 revenue), is experiencing some of the biggest macro headwinds but is expected to show improvement over the course of CY24, the analyst writes.
Over the near to intermediate term, the analyst highlights the company's positive takeaways on the two biggest parts of the Industrial business — semi-cap and display.
COHR reaffirmed its confident tone on the semi-cap business in F24, with expectations of double-digit growth driven by ...