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.
Published first on TheFly
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