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Glonghui, April 10 — JPMorgan has raised Coherent’s target price from $245 to $300 and maintained an “Overweight” rating.

The fragile two-week ceasefire continues to fill the market with uncertainty, with New York gold futures falling 0.9% to $4,775.20 per ounce. However, Brent crude is headed for a sharp weekly drop of nearly 11%, which helps ease concerns about high energy costs and broader inflationary pressures. Some market observers say that the latest U.S. economic data has also alleviated worries about the outlook for monetary policy. ANZ analysts stated: "The U.S. Personal Consumption Expenditure Price Index did not reflect the recent surge in energy prices." Investors are now waiting for the CPI data, which will be released later on Friday.

Although the United States and Iran have reached a ceasefire agreement, and Iran has also restricted the number of ships passing through this critical energy chokepoint, the Strait of Hormuz remains effectively stalled. Citing Israel's continued attacks on Lebanon, Iran prompted U.S. President Trump to urge Israel to scale back its offensive. Israel has agreed to begin direct negotiations with Lebanon, which are tentatively scheduled for next week. According to data from London Stock Exchange Group, Bitcoin fell 0.8% to $71,820 after reaching a three-week high of $73,067 overnight.