Citi analyst Jamie Wang upgraded IPG Photonics twice (IPGP) to buy from sell with a target price of $105, up from $68, according to the third quarter report. The firm anticipates that the company’s business recovery in the third quarter will continue due to improved demand for welding and micromachining. IPG posted positive year-over-year revenue growth after 12 consecutive quarterly declines, analyst tells investors in research note.
First published in the fly – the definitive source of breaking financial news that moves the market in real time. Try it now >>
See the most popular stocks from insiders on TipRanks >>
Read more about IPGP:
Disclaimer and disclosure Report a problem