Form 8-K IPG PHOTONICS CORP For: Feb 15

Go back to Form 8-K IPG PHOTONICS CORP For: Feb 15

IPG Photonics (IPGP) PT Lowered to $165 at Needham & Company

February 16, 2022 6:42 AM EST

Needham & Company analyst James Ricchiuti lowered the price target on IPG Photonics (NASDAQ: IPGP) to $165.00 (from $205.00) while maintaining a Buy rating following results.

The analyst commented, "IPG delivered a mixed Q4 report yesterday. While revenues were above the top-end of guidance and EPS above the... More