HSBC analysts initiated coverage of chipmaker Broadcom (AVGO) with a Hold rating and a price target of $160 per share.

M&T Bank (MTB) was downgraded to Neutral from Overweight by JPMorgan, citing no general catalysts for outperformance.

Coherent Corp. (COHR) was given a Buy rating and $135 price target by Jefferies analysts, who initiated coverage with optimism around new CEO Jim Anderson's restructuring plans.

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This post was written by Luke Carberry Mogan.