Wells Fargo lowered the firm’s price target on Advanced Energy (AEIS) to $110 from $115 and keeps an Equal Weight rating on the shares. While the company delivered strong upside to Q4 plus slightly ahead Q1 2025 guide, the firm expects 2025 Street estimates to move modestly lower. Wells continues to view a material semi recovery plus I&M inv drawdown with a measurable gross margin improvement as the key share driver.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEIS:
- Advanced Energy price target raised to $135 from $130 at Stifel
- Advanced Energy price target raised to $136 from $38 at Baird
- Cautious Outlook for Advanced Energy Amid Mixed Signals and Market Challenges
- Advanced Energy’s Promising Growth and Strategic Expansion Drive Buy Recommendation
- Advanced Energy’s Strong Performance and Positive Outlook Justify Buy Rating