Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Advanced Energy (AEIS) to $430 from $375 and keeps a Positive rating on the shares. The firm updated its model fowlloing Q1 results where they raised estimates as they see the company’s expanding earnings power, now driven by multiple growth vectors, most notably Semis and Data Center (DC), with a longer-duration growth profile.
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Read More on AEIS:
- Advanced Energy price target raised to $380 from $360 at Baird
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- Advanced Energy sees Q2 EPS $1.93-$2.43, consensus $2.04
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