Benchmark lowered the firm’s price target on Advanced Energy (AEIS) to $130 from $135 and keeps a Buy rating on the shares after the company posted earnings upside and guided above expectations for the June quarter. Data center sales are expected to grow as 2025 progresses, margin improvements are expected in the second half, and the design win pipeline is “at an all-time high,” the analyst tells investors in a post-earnings note.
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