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.
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Read More on IPGP:
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- IPG Photonics price target lowered to $60 from $62 at Citi
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