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LASR

nLight

$30.36

-1.14 (-3.62%)

, IPGP

IPG Photonics

$165.28

-6.94 (-4.03%)

09:20
08/09/18
08/09
09:20
08/09/18
09:20

nLight outlook 'clearly bucked' downbeat IPG Photonics commentary, says Stifel

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.

LASR

nLight

$30.36

-1.14 (-3.62%)

IPGP

IPG Photonics

$165.28

-6.94 (-4.03%)

LASR nLight
$30.36

-1.14 (-3.62%)

05/21/18
05/21/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hostess Brands (TWNK) initiated with a Buy at Berenberg while Flowers Foods (FLO) was initiated with a Hold. 2. Ceridian (CDAY) initiated with an Overweight at Piper Jaffray and MUFG, an Outperform at Wells Fargo, an Equal Weight at Barclays, a Neutral at JPMorgan and Goldman Sachs, a Market Perform at William Blair, as well as a Hold at Deutsche Bank, Canaccord, and Jefferies. 3. nLight (LASR) initiated with an Outperform at Raymond James as well as a Buy at Needham, Canaccord, Stifel, and DA Davidson. 4. VF Corp. (VFC) initiated with a Buy at Argus. 5. Chemours (CC) initiated with a Buy at Vertical Research. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/18
NEED
05/24/18
NO CHANGE
Target $37
NEED
Buy
nLight price target raised to $37 from $34 at Needham
Needham analyst James Ricchiuti raised his price target on nLight to $37 after its Q1 earnings and "strong" Q2 guidance at the upper end of the range that the company outlined in its S-1 filing. The analyst also raises his FY18 EPS view to 37c from 33c and contends that there is potential for further upside during 2018 amid the steadily improving profitability driven by demand for fiber lasers in the industrial market. Ricchiuti keeps his Buy rating, adding that the company can sustain 25% growth for the next several years.
05/24/18
STFL
05/24/18
NO CHANGE
Target $40
STFL
Buy
nLight on track for above-average growth in 2018 and beyond, says Stifel
Following nLight's first earnings release and conference call as a public company, Stifel analyst Patrick Ho said he came away reinforced in his view that the company will deliver above-average growth in 2018 and continue this growth over the next few years. All of the key market drivers remain in place for nLight and Ho anticipates the company will continue outpacing overall industry trends, he said. Ho maintains a Buy rating and $40 price target on nLight.
06/19/18
ADAM
06/19/18
NO CHANGE
Target $43
ADAM
Buy
nLight price target raised to $43 from $35 at Canaccord
Canaccord analyst Bobby Burleson raised his price target on nLight to $43 from $35 citing his conviction in the company's growth and margin drivers and expectations for share gains versus the industry. Further, new product introductions should showcase the company's proprietary technology. Burleson reiterated his Buy rating on nLight shares.
IPGP IPG Photonics
$165.28

-6.94 (-4.03%)

07/31/18
NEED
07/31/18
NO CHANGE
Target $215
NEED
Buy
IPG Photonics selloff after guidance appears overdone, says Needham
Needham analyst James Ricchiuti noted that IPG Photonics' guidance was much weaker than expected as concerns among customers in China and Europe are making them cautious, though he believes the stock is seeing an overreaction. The 26% selloff today suggests a collapse in demand, but the book-to-bill was above 1.0 for the quarter and the tone of business has not deteriorated in July, Ricchiuti tells investors. He sees the pullback offering an opportunity to buy a category leader in what is still an attractive growth market and keeps a Buy rating on IPG Photonics shares, though he lowered his price target to $215 from $280.
08/01/18
STFL
08/01/18
NO CHANGE
Target $228
STFL
Buy
IPG Photonics pullback presents attractive entry point, says Stifel
Stifel analyst Patrick Ho said he "clearly did not see" IPG Photonics' more cautious near-term outlook and downward revision of its 2018 forecast coming, but he maintains his positive view that IPG will continue to benefit from growth trends in the fiber laser market. The current price represents an attractive entry point for long-term investors, said Ho, who lowered his price target on IPG shares to $228 from $282 and keeps a Buy rating on the stock.
08/01/18
DADA
08/01/18
NO CHANGE
Target $220
DADA
Buy
IPG Photonics price target lowered to $220 from $275 at DA Davidson
DA Davidson analyst Thomas Diffely lowered his price target on IPG Photonics to $220 after its soft Q3 outlook, saying that the macroeconomic and geopolitical concerns are starting to weigh on demand. The analyst notes that the growth of high-power CW lasers in China is waning amid softer welding conditions in the country's auto and battery industries, while the medium-power laser market in Europe is in a "digestion period". Diffely keeps his Buy rating on IPG Photonics longer term, adding that the core trends of a "multi-year shift towards higher powered lasers remain robust" while the company maintains its dominant position in the ultra-high power fiber laser market.
08/01/18
NEED
08/01/18
NO CHANGE
Target $215
NEED
Buy
IPG Photonics price target lowered to $215 from $280 at Needham
Needham analyst James Ricchiuti lowered his price target on IPG Photonics to $215 after its "rare" earnings miss and "much weaker" guidance, driven by more cautious outlook in China and Europe related to the macro/geopolitical concerns. The analyst also keeps his Buy rating on the company as its book-to-bill ratio remains above parity, adding that the stock price selloff is likely overdone.

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