Citi raised the firm’s price target on Advanced Energy (AEIS) to $385 from $330 and keeps a Buy rating on the shares. Citi also opened an “upside 90-day catalyst watch” on Advanced Energy. The firm expects the company to increase 2026 outlook with wafter fab equipment and data center spending moving higher. Advanced Energy s well positioned to benefit from the ongoing WFE upcycle, the analyst tells investors in a research note.
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