Stifel Maintains Buy on IPG Photonics, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has maintained a 'Buy' rating on IPG Photonics (NASDAQ:IPGP) but lowered the price target from $145 to $120.
October 30, 2023 | 3:12 pm
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NEUTRAL IMPACT
Stifel analyst has maintained a 'Buy' rating on IPG Photonics but lowered the price target from $145 to $120.
The news is directly about IPG Photonics. The maintained 'Buy' rating indicates continued confidence in the company, which could be positive for the stock. However, the lowered price target might indicate a potential downside, creating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100