KeyBanc Sees 25% Upside In Advanced Energy Industries

January 26, 2022 6:11 AM | 29 seconds read | Make a Comment

KeyBanc analyst Steve Barger initiated Advanced Energy Industries Inc 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.