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Fly News Breaks for September 26, 2018
LASR, COHR, IPGP
Sep 26, 2018 | 13:08 EDT
Northcoast analyst Tom Hayes said the firm's laser industry survey pointed to an "unexpected pause" in August, which he attributes to continuing tariff talks, some slowing in China based manufacturing activity and some normal seasonality. The near-term turbulence does not change his view that the Industrial Laser companies he covers have a solid, multi-year runway, Hayes tells investors. He keeps Buy ratings on IPG Photonics (IPGP), Coherent (COHR) and nLight (LASR), which are down 3%, 6% and about 1%, respectively, in afternoon trading.
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