Fly News Breaks for January 23, 2020
Jan 23, 2020 | 05:10 EDT
Stifel analyst John Marchetti took over coverage of nLight and kept a Buy rating on the shares with a price target of $26, up from the firm's prior $21 target. The analyst expects the company to return to double-digit revenue growth following a "challenging" 2019, saying industry fundamentals and new product introductions provide a more constructive outlook. He believes nLight's focus on higher-powered lasers, programmability, and new market applications should provide a "strong base" to return to growth and believes upside to estimates are likely.
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