IPG Photonics price target lowered to $85 from $100 at Stifel

Stifel lowered the firm’s price target on IPG Photonics (IPGP) to $85 from $100 and keeps a Buy rating on the shares. The “bounce along the bottom continues,” says the analyst after earnings. The firm continues to view the company’s technology portfolio and strength of balance sheet as “broader competitive differentiators,” but says a revenue recovery “appears to have been pushed to 2026.”