Stifel Nicolaus Downgrades IPG Photonics To Hold

Analysts at Stifel Nicolaus downgraded IPG Photonics Corporation IPGP from Buy to Hold and removed the price target of $107.00. IPG Photonics shares have gained 45.43% over the past 52 weeks, while the S&P 500 index has surged 13.49% in the same period. IPG Photonics' shares rose 0.07% to close at $100.00 on Friday.