Optics Stocks Slide Despite Citi’s $11B Switching Forecast: Coherent and Applied Optoelectronics Drop 5%, Corning Falls 3%

Optics and photonics stocks are sliding together in afternoon trading, even as the freshest research on the group reads as a strong endorsement from Citi. Coherent (NYSE:COHR) stock is down 5% to $280.80, part of a retreat that has the look of crowded positions being trimmed after a big run. Also, Corning (NYSE:GLW) stock is […]