Benchmark initiated coverage on IPG Photonics Corporation IPGP with a Buy rating.
The target price for IPG Photonics is set to $20.
IPG Photonics shares have gained 52.07 percent over the past 52 weeks, while the S&P 500 index has surged 9.74 percent in the same period.
IPG Photonics' shares closed at $96.41 yesterday.
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