IPG Photonics (IPGP) Tops Q4 EPS by 5c, Offers Q1 Guidance

Go back to IPG Photonics (IPGP) Tops Q4 EPS by 5c, Offers Q1 Guidance

IPG Photonics (IPGP) PT Raised to $130 at Needham & Company on Strong Q1 Guidance

February 15, 2017 6:43 AM EST

Needham & Company analyst James Ricchiuti reiterates Buy rating and raises price target on IPG Photonics Corp (NASDAQ: IPGP) to $130 (from $120), citing the companys strong first quarter guidance, as management targets 10-14% growth in 2017.

Ricchiuti comments, "IPGP delivered a stellar Q4 report, in... More