Benchmark raised the firm’s price target on Advanced Energy to $135 from $112 and keeps a Buy rating on the shares after the company posted upside results for the June quarter and said it sees second half sales similar to those reported in the first half. For 2024, the firm projects net GAAP earnings growing 30.8% year-over-year on sales of $1.88B, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AEIS:
- Advanced Energy sees Q3 adjusted EPS $1.13, plus or minus 20c, consensus $1.11
- Advanced Energy reports Q2 adjusted EPS $1.11, consensus $1.05
- Advanced Energy Industries, Inc. (AEIS) Q2 Earnings Cheat Sheet
- Advanced Energy price target raised to $130 from $125 at KeyBanc
- Advanced Energy price target raised to $125 from $105 at KeyBanc
