Advanced Energy price target raised to $125 from $105 at KeyBanc

KeyBanc analyst Steve Barger raised the firm’s price target on Advanced Energy to $125 from $105 and keeps an Overweight rating on the shares. The firm expects Advanced Energy to focus on its Industrial and Medical end markets in the near-term where new design and market share wins in I&M should provide a substantial growth runway and good diversification, the analyst tells investors in a research note.