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Fly News Breaks for August 9, 2018
IPGP, LASR
Aug 9, 2018 | 09:20 EDT
Stifel analyst Patrick Ho said nLIGHT's (LASR) Q2 report was better than his "worst case scenario fears" and its "relatively upbeat" outlook for the September quarter and second half "clearly bucked" the downbeat commentary offered previously by IPG Photonics (IPGP). Ho, who thinks there are some market and company-specific dynamics nLIGHT is experiencing that do not necessarily correlate with the market dynamics IPG is seeing, maintains his Buy rating and $40 price target on nLIGHT shares.
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