35 AI News and Ratings You Should Not Miss

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28. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 47 

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. On October 22, Rosenblatt downgraded the stock to Neutral from Buy with a $105 price target, noting that the stock was up 126% year-to-date, which the advisory attributed to leadership in datacom transceivers for AI, a strong new CEO, and the potential for the telecom and industrial businesses to improve. While the advisory believes Coherent will be a long-term AI winner, and contends that the stock looks good for investors with a three-year time horizon, it foresees FY25 headwinds that may disappoint more bullish expectations.

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