On 8/2/24, Coherent Corp (NYSE: COHR) stock suffered a major decline of -10.0%, closing at $58.93. Moreover, this decline was accompanied by unusually high trading volume at 179% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -12.6% during the last week.
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 67 and a very high Power Rating of 100, and the Highest Value Trend Rating results.
Rating Review
In light of this highly negative 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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