erent (US:COHR) 智通财经网·2025-08-20 06:48Core Viewpoint - Morgan Stanley has lowered the target price for Coherent (COHR.US) from $97 to $89 while maintaining a "hold" rating, citing disappointing future prospects despite better-than-expected earnings in Q4 [1] Financial Performance - Coherent's Q4 earnings per share exceeded Wall Street expectations, indicating strong short-term performance [1] - The stock had previously risen by 20% in the last month, reflecting market optimism [1] Market Context - The disappointing outlook for Coherent is particularly notable given the positive earnings reports from other AI-related companies that have raised market expectations [1] - Morgan Stanley suggests that Coherent's stock may remain "underappreciated" in the current market environment [1]