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Fly News Breaks for March 23, 2015
IPGP
Mar 23, 2015 | 07:15 EDT
As noted earlier, Stifel downgraded IPG Photonics to Hold from Buy. As reasons for the downgrade, the firm cited the stock's premium valuation relative to its peers and historical levels, its belief that margins have peaked, limited potential upside to earnings expectations, increased competition, and the negative risk/reward of its exposure to China.
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