Citi lowered the firm’s price target on IPG Photonics (IPGP) to $60 from $62 and keeps a Sell rating on the shares. The firm cut 2025 earnings forecasts by 21%/36% to reflect the company’s weaker Q1 guidance and challenging laser source demand outlook globally.
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Read More on IPGP:
- IPG Photonics price target lowered to $64 from $78 at BofA
- IPG Photonics price target lowered to $85 from $100 at Stifel
- IPG Photonics: Navigating Market Challenges Amidst Declining Sales and Order Backlog
- Sell Recommendation for IPG Photonics Amidst Weak Demand and Intensifying Competition
- IPG Photonics Reports Fourth Quarter 2024 Financial Results