Fly News Breaks for December 20, 2019
Dec 20, 2019 | 05:03 EDT
Piper Jaffray analyst Troy Jensen initiated coverage of nLight with an Overweight rating and $25 price target. The analyst believes nLIGHT's vertical integration provides a competitive advantage and he anticipates the company will continue to capture incremental market share versus larger competitors. nLIGHT has established a market leadership position in microfabrication and "strong" performance from the industrial segment, Jensen tells investors in a research note.
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