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Fly News Breaks for May 1, 2019
IPGP
May 1, 2019 | 08:34 EDT
As previously reported, Benchmark analyst Mark Miller downgraded IPG Photonics to Hold from Buy, citing the 63% year-to-date rally in the stock as well as the outlook communicated by management along with the company's mixed Q1 results. The shares look like they are priced to fully anticipate an expected recovery at the current level, Miller said.
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