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Fly News Breaks for May 1, 2019
IPGP
May 1, 2019 | 09:33 EDT
DA Davidson analyst Thomas Diffely raised his price target on IPG Photonics to $205 and kept his Buy rating, saying the company's latest quarter highlighted its capability to fend off competitive pricing challenges through product cost reduction and technical initiatives. The analyst notes that his bullish thesis on the shares remains intact given the "improving trends in China, stabilizing business in Europe, and further share gains opportunities."
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