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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 05:05 EDT
Stifel analyst John Marchetti kept a Buy rating on Coherent with a price target of $178, up from $174, after taking over coverage of the name. The analyst expects the company's "strong position" in the OLED and semiconductor markets to provide revenue growth that outpaces that of its industry competitors. Further, Coherent's "strong" end market diversification and "healthy" growth application exposure presents a favorable mid and long term outlook.
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