Coherent Corp (NYSE: COHR) stock closed at $109.45 on 11/7/24 after a major increase of 10.1%. Moreover, exceptionally high trading volume at 254% of normal accompanied the advance. The stock has risen 12.6% 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 inconsistent signals. Coherent has a neutral Appreciation Score of 56 but a very high Power Rating of 97, triggering the Highest Value Trend Rating.
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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