Stifel Maintains Buy on IPG Photonics, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy maintains a Buy rating on IPG Photonics (NASDAQ:IPGP) but lowers the price target from $115 to $100.
July 31, 2024 | 3:46 pm
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Stifel analyst Ruben Roy maintains a Buy rating on IPG Photonics but lowers the price target from $115 to $100.
The Buy rating suggests continued confidence in IPG Photonics' long-term prospects, but the lowered price target indicates some caution about near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100