KeyBanc analyst Steve Barger raised the firm’s price target on Advanced Energy (AEIS) to $195 from $180 and keeps an Overweight rating on the shares. The firm cites direct AI DC exposure. KeyBanc attended SEMICON West this week. AI-device narratives dominated, but cyclical conditions in other areas remain mixed. With that backdrop, investors must now balance narrative-driven returns vs. near-term EPS expectations and valuation, the firm adds.
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