Dear Appro: All I can say is the following: (gg) JDN
Preferred Capital Markets, Inc. Upgrades Its Rating of Coherent, Inc.To a STRONG BUY from a BUY Rating
SAN FRANCISCO, Jan. 27 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993:
Preferred Capital Markets, Inc, a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today upgrades its rating of Coherent, Inc. (Nasdaq: COHR) to a STRONG BUY from a BUY rating and reiterates the 12-month price target of $20.
Analyst J.D. Abouchar originally published a research report February 10, 1998 on Coherent; a company that designs, manufactures and supplies electro-optical systems and medical instruments utilizing laser, precision optic and microelectronic technologies.
J.D.'s professional experience stretches over fifteen years in both the high technology and financial industries. Currently J.D.'s coverage list includes Cree Research, In Focus Systems, Microsemi Corporation and General Scanning to name a few. Before joining Preferred, J.D. was Senior Vice President of Equity Research at L.H. Friend and Company, a regional investment banking firm. There, he focused on companies competing in the electronics and opto-electronic industries. J.D. also has experience on the industry side as well. He served as Chief Operating Officer of Unit Design, a manufacturer of capital equipment for the electronics industry. J.D. earned his BS degree in Economics from the Wharton School at the University of Pennsylvania.
Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principal basis for the securities and options markets. Clients include institutional investors, money managers, floor traders, and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in Boston, Chicago, Miami, New York, and Philadelphia.
SOURCE Preferred Capital Markets, Inc
CO: Preferred Capital Markets, Inc; Coherent, Inc.
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