Coherent Corp (NYSE: COHR) stock closed at $70.10 on 6/3/24 after a major increase of 22.9%. Moreover, exceptionally high trading volume at 531% of normal accompanied the advance. The stock has risen 18.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
COHR is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Coherent has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Coherent has a slightly positive Appreciation Score of 68 and a very high Power Rating of 98, and the Highest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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