Form 8-K IPG PHOTONICS CORP For: Feb 13

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Go back to Form 8-K IPG PHOTONICS CORP For: Feb 13

Citi Downgrades IPG Photonics (IPGP) to Sell

February 15, 2024 9:30 AM EST

Citi analyst Jamie Wang downgraded IPG Photonics (NASDAQ: IPGP) from Neutral to Sell with a price target of $74.00 (from $111.00).

The analyst comments "Post 4Q23 results, we downgrade IPGP to Sell from Neutral and cut our 2024 and 2025 earnings forecasts by ~22% and ~16% as... More