Sidoti & Co. Initiates Coherent With Buy

Analysts at Sidoti & Co. initiated coverage on

with a Buy rating. The target price for Coherent is set to $80. Coherent shares have gained 4.12 percent over the past 52 weeks, while the S&P 500 index has surged 8.07 percent in the same period. Coherent shares closed at $65.24 on Friday.