B. Riley Downgrades Coherent Amidst Valuation Concerns
Friday, 18 October 2024, 12:55
Valuation Concerns Drive B. Riley's Downgrade on Coherent
In a surprising move, B. Riley has downgraded Coherent (COHR), citing significant valuation concerns as the primary reason. The semiconductor company's shares reacted sharply, seeing a plunge of over 5% in premarket trading on Friday.
Implications for Investors
This downgrade raises questions about Coherent's market position and future profitability. Investors are urged to closely monitor market responses and analyst recommendations in the coming days as the semiconductor sector remains volatile.
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