IPG Photonics (IPGP) Tops Q4 EPS by 12c

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IPG Photonics (IPGP) PT, Estimates Lifted at Needham & Company

February 23, 2015 7:29 AM EST

Needham & Company analyst James Ricchiuti reiterated a Buy rating and boosted his price target on IPG Photonics (NASDAQ: IPGP) to $102.00 (from $98.00) saying the Q1 guide was better than expected with strong bookings continuing into the quarter.

Ricchiuti commented, "IPGP, which preannounced stronger Q4 results earlier this... More