Citi raised the firm’s price target on Advanced Energy to $134 from $114 and keeps a Buy rating on the shares. The analyst believes the company’s diversified portfolio, strategy to focus on gross margin expansion and operating structure improvement will help with multiple expansion for the shares.
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Read More on AEIS:
- Advanced Energy price target raised to $135 from $112 at Benchmark
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- Advanced Energy price target raised to $130 from $125 at KeyBanc
