Benchmark analyst Mark Miller lowered the firm’s price target on IPG Photonics to $134 from $140 and keeps a Buy rating on the shares. IPG posted upside results, driven by e-mobility, solar and cleaning applications, but guided within expectations, noted the analyst. The firm now projects earnings growing 16% year-over-year to $5.96 per diluted share in 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on IPGP: