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Fly News Breaks for December 20, 2019
IPGP
Dec 20, 2019 | 05:01 EDT
Piper Jaffray analyst Troy Jensen initiated coverage of IPG Photonics with a Neutral rating and $155 price target. The analyst views IPG as the "undisputed leader" in the fiber laser market. However, the company trades at a fair valuation and its success has attracted "significant" competitive pressures that could result in sustained pricing pressure, Jensen tells investors in a research note.
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