Coherent price target raised to $95 from $86 at B. Riley

B. Riley analyst Dave Kang raised the firm’s price target on Coherent (COHR) to $95 from $86 and keeps a Neutral rating on the shares. The company reported a “solid beat-and-raise” fiscal Q2 as telecom continues to gain momentum, the analyst tells investors in a research note. The firm increased estimates post the earnings report.