Benchmark Initiates Coherent At Buy

Analysts at Benchmark initiated coverage on Coherent, Inc. (NASDAQ: COHR) with a Buy rating.

The target price for Coherent is set to $75.

Coherent shares have gained 6.91 percent over the past 52 weeks, while the S&P 500 index has surged 9.74 percent in the same period.

Coherent shares rose 0.88 percent to close at $62.79 yesterday.