Needham raised the firm’s price target on Advanced Energy (AEIS) to $330 from $290 and keeps a Buy rating on the shares. With Semiconductors providing strong tailwinds in Q4 and Q1, Advanced Energy delivered a strong beat-and-raise quarter, which should satisfy the bulls that have driven shares to all-time highs, the analyst tells investors in a research note.
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Read More on AEIS:
- Advanced Energy price target raised to $325 from $310 at Stifel
- 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?