IPG Photonics (IPGP) Misses Q2 EPS by 5c ; Offers Guidance
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IPG Photonics (IPGP) PT Lowered to $50 at Citi
August 1, 2024 7:33 AM EDTCiti analyst Jamie Wang lowered the price target on IPG Photonics (NASDAQ: IPGP) to $50.00 (from $68.00) while maintaining a Sell rating.
The analyst comments "We reduce our 2024E earnings forecast by 45% to reflect the weaker-than-expected 2Q24 results and bearish 3Q24 guidance. Mgmt. admitted that, with... More
