B. Riley cuts price targets on Fabrinet and Coherent, keeps Neutral ratings
B. Riley Securities kept Neutral ratings on Fabrinet and Coherent and lowered its price targets to $385 and $262, respectively.
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what happened
According to TradingView, citing Benzinga data, B. Riley Securities kept its Neutral rating on Fabrinet and cut its price target from $431 to $385, a 10.7% reduction. The note's target implies a 10.4% gain from the October 29 close of $348.68.
For Coherent, the firm also held its Neutral rating while reducing the target from $297 to $262, down 11.8%. The implied upside from the October 29 close of $237.22 is likewise 10.4%.
The report also lists recent moves by other brokers: over the past 30 days, Fabrinet's price targets ranged from $431 to $600, and Coherent's from $275 to $425.
why it matters
A single brokerage target cut usually concerns one company and rarely moves the wider sector. For investors in optical component makers, quarterly results and the overall sentiment toward the industry matter more than one analyst's valuation.
tags
instruments
sources
- B. Riley Securities maintains Fabrinet at Neutral, lowers price target to $385 from $431 — TradingView, 30 October 2026 at 13:14 UTC
- B. Riley Securities maintains Coherent at Neutral, lowers price target to $262 from $297 — TradingView, 30 October 2026 at 13:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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