Stifel analyst Brian Chin raised the firm’s price target on Advanced Energy (AEIS) to $325 from $310 and keeps a Buy rating on the shares. Q4 results came in “strongly above” the firm’s and consensus estimates, while Q1 guidance was well above consensus and slightly above the firm’s “Street-high estimates,” the analyst tells investors.
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Read More on AEIS:
- Advanced Energy reports Q4 adjusted EPS $1.94, consensus $1.78
- Advanced Energy sees Q1 adjusted EPS $1.94, plus or minus 25c, consensus $1.68
- Advanced Energy price target raised to $310 from $270 at Stifel
- AEIS Upcoming Earnings Report: What to Expect?
- Advanced Energy to replace Comerica in S&P 400 at open on 2/2