BofA keeps a neutral rating and $35 price target on Coherent after the company’s Communications Market presentation. The company is in position to certainly see some AI demand benefits, supplying components and transceivers enabling data center connectivity within a network, but structural issues remain around telecom inventory digestion, the analyst tells investors in a research note, adding that the firm remains “concerned” with Coherent’s profitability.
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Read More on COHR:
- Coherent Introduces Wavemaker and Waveshaper Instruments to Lower the Cost of Testing Next-Generation Technology for Optical Networks
- Coherent Announces Date of Its Communications Market Overview Webcast
- Coherent put volume heavy and directionally bearish
- Coherent Announces the Retirement of Dr. Mark Sobey, President, Lasers Segment
- Lumentum price target raised to $53 from $50 at Craig-Hallum
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