- KeyBanc analyst Steve Barger initiated Advanced Energy Industries Inc (NASDAQ:AEIS) with an Overweight rating and a price target of $105, implying an upside of 24.7%.
- The analyst is positive about the company's position as a niche provider of proprietary, largely sole-source precision power products.
- Barger sees over 70% of Advanced Energy's revenue being derived from products that are sole-source and dual-source for much of the rest of its products.
- Price Action: AEIS shares closed lower by 4.33% at $84.19 on Tuesday.
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