Citigroup Downgrades IPG Photonics to Neutral, Lowers Price Target to $111
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jamie Wang has downgraded IPG Photonics (NASDAQ:IPGP) from Buy to Neutral and lowered the price target from $152 to $111.

August 18, 2023 | 9:25 am
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Citigroup has downgraded IPG Photonics and lowered its price target, which could negatively impact the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. The downgrade from Buy to Neutral and the lowering of the price target by Citigroup suggests a less optimistic outlook for IPG Photonics, which could lead to a decrease in its stock price in the short term.
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