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

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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