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Fly News Breaks for May 2, 2018
IPGP
May 2, 2018 | 06:26 EDT
DA Davidson analyst Thomas Diffely kept his Buy rating and $275 price target on IPG Photonics after another quarter of "record revenues, EPS, and quarterly bookings", saying the 1:1 book-to-bill ratio, the outlook for Q2 also looks bright. Diffely further notes that the ultra-high power solutions business is also showing traction, while the launches of the newest UV and Ultrafast laser products are generating early interest. The analyst is also raising his FY18 EPS view to $8.40 from $8.10 and revenue view to $705.3M from $684.8M.
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