Citigroup Maintains Sell on IPG Photonics, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jamie Wang has maintained a Sell rating on IPG Photonics (NASDAQ:IPGP) and reduced the price target from $74 to $68.
May 02, 2024 | 7:56 pm
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Citigroup has maintained a Sell rating on IPG Photonics and lowered the price target from $74 to $68.
The reduction in price target by Citigroup, coupled with the maintenance of a Sell rating, suggests a negative outlook for IPG Photonics' stock in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100