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Fly News Breaks for June 26, 2015
IPGP
Jun 26, 2015 | 07:33 EDT
Benchmark Co. attributes the two day pullback in shares of IPG Photonics to a report speculating the loss of a major customer, Han's Laser. According to IPG management, Han's remains a customer, the firm told investors yesterday in a research note. Han's Laser will try to develop some internal fiber laser capability and intends to raise capital, the firm notes. It keeps a Buy rating on IPG with a $111 price target.
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