Raymond James analyst Brian Gesuale lowered the firm’s price target on IPG Photonics (IPGP) to $80 from $90 and keeps a Strong Buy rating on the shares. The firm reduced estimates across its Industrial-Tech and Auto-Tech coverage to reflect increased potential for recession and a lingering tariff backdrop through the rest of the year. Prior to last Wednesday, uncertainty had paralyzed decision cycles, jeopardizing the 2H25 acceleration and incremental margin story, but that thesis officially died on “Liberation Day,” the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IPGP:
- IPG Photonics upgraded to Buy from Neutral at CL King
- IPG Photonics files to sell 2.15M shares of common stock for holders
- IPG Photonics price target lowered to $60 from $62 at Citi
- IPG Photonics price target lowered to $64 from $78 at BofA
- IPG Photonics price target lowered to $85 from $100 at Stifel