35 AI News You Should Not Miss

Page 8 of 35

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. Susquehanna recently upgraded the stock to Positive from Neutral with a price target of $120, up from $80. The advisory believes new CEO Jim Anderson, and his platform optimization program, will ultimately transform the company’s long-term financial model, potentially providing the company with over 1,000 basis points of net margin expansion. The advisory is also encouraged by a number of new product announcements made at this year’s EEOC.

Page 8 of 35