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Fly News Breaks for February 14, 2020
IPGP
Feb 14, 2020 | 09:43 EDT
DA Davidson analyst Thomas Diffely raised his price target on IPG Photonics to $170 and kept his Buy rating after its Q4 results and Q1 guidance, noting that while market conditions had improved, China's coronavirus has "squashed" the company's emerging recovery. The analyst still remains positive on IPG Photonics' cash generation, "pole" market share position, and cost basis leadership by a wide margin. Diffely adds that the company should be able to outperform the industry when its markets recover.
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