Needham lowered the firm’s price target on Advanced Energy (AEIS) to $135 from $145 and keeps a Buy rating on the shares. The firm cites the company’s better than expected Q2 guidance despite tariff- related headwinds. Advanced Energy’s Q1 EPS also topped estimates, benefiting from volume, stronger gross margins and op-ex coming in at the low end of the range, the analyst tells investors in a research note.
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Read More on AEIS:
- Advanced Energy price target lowered to $130 from $135 at Stifel
- Advanced Energy price target lowered to $130 from $135 at Benchmark
- Advanced Energy price target raised to $132 from $124 at Baird
- Advanced Energy’s Strong Performance and Strategic Positioning Justify Buy Rating
- Advanced Energy: Strong Q1 Performance and Promising Outlook Drive Buy Rating