In a report released today, Josh Nichols from B.Riley Financial upgraded Vishay Precision Group (VPG – Research Report) to a Buy, with a price target of $28.50.
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Josh Nichols has given his Buy rating due to a combination of factors, including an improvement in order activity and a potential early-stage recovery for Vishay Precision Group. Despite a challenging 2024 and underwhelming fourth-quarter results, the recent positive trends in orders suggest that VPG could be on the path to recovery, as evidenced by a return to sequential growth and an improved book-to-bill ratio.
Additionally, Nichols notes optimism in VPG’s newer market ventures, such as humanoid robotics, which generated significant revenue in 2024 and hold promising future prospects. While the company’s revenue and margins were pressured, the strong cash position and manageable debt levels offer a solid financial foundation. This, combined with the company’s attractive stock valuation, supports Nichols’s decision to upgrade the rating from Neutral to Buy.
In another report released on February 3, Sidoti also maintained a Buy rating on the stock with a $30.00 price target.