Upgrades Mkt Perform Outperform X

IPGP IPG Photonics

Bernstein

$97

Upgrades Neutral Buy X

IPGP IPG Photonics

CL King

$76

Downgrades Buy Neutral X

IPGP IPG Photonics

Northcoast

Downgrades Buy Neutral X

IPGP IPG Photonics

Seaport Research Partners

Downgrades Buy Hold X

IPGP IPG Photonics

The Benchmark Company

Downgrades Neutral Sell X

IPGP IPG Photonics

Citigroup

$111 $74

Initiated Buy X

IPGP IPG Photonics

Seaport Research Partners

$125

Downgrades Buy Neutral X

IPGP IPG Photonics

Citigroup

$152 $111

Upgrades Outperform Strong Buy X

IPGP IPG Photonics

Raymond James

$170

Upgrades Mkt Perform Outperform X

IPGP IPG Photonics

Raymond James

$170

Upgrades Underperform Mkt Perform X

IPGP IPG Photonics

Raymond James

Upgrades Neutral Buy X

IPGP IPG Photonics

Citigroup

$157

Downgrades Mkt Perform Underperform X

IPGP IPG Photonics

Raymond James

Downgrades Outperform Mkt Perform X

IPGP IPG Photonics

Bernstein

$160

Downgrades Neutral Underperform X

IPGP IPG Photonics

BofA Securities

$178 $173

Downgrades Buy Neutral X

IPGP IPG Photonics

BofA Securities

$178

Resumed Hold X

IPGP IPG Photonics

Stifel

$170

Upgrades Hold Buy X

IPGP IPG Photonics

The Benchmark Company

$230

Resumed Buy X

IPGP IPG Photonics

Berenberg

$300

Upgrades Hold Buy X

IPGP IPG Photonics

Needham

$280

Reiterated Buy X

IPGP IPG Photonics

Cascend Securities

$180 $200

Reiterated Buy X

IPGP IPG Photonics

Needham

$170 $185

Downgrades Buy Hold X

IPGP IPG Photonics

The Benchmark Company

Upgrades Neutral Buy X

IPGP IPG Photonics

BofA/Merrill

Reiterated Buy X

IPGP IPG Photonics

Needham

$157 $170

Initiated Buy X

IPGP IPG Photonics

Cascend Securities

$160

Reiterated Buy X

IPGP IPG Photonics

Needham

$160 $157

Initiated Neutral X

IPGP IPG Photonics

Susquehanna

$151

Reiterated Buy X

IPGP IPG Photonics

The Benchmark Company

$170 $162

Reiterated Buy X

IPGP IPG Photonics

The Benchmark Company

$222 $170

Downgrades Buy Neutral X

IPGP IPG Photonics

Longbow

Upgrades Mkt Perform Strong Buy X

IPGP IPG Photonics

Raymond James

Reiterated Buy X

IPGP IPG Photonics

Needham

$280 $215

Resumed Buy X

IPGP IPG Photonics

Stifel

$282

Initiated Outperform X

IPGP IPG Photonics

Bernstein

$294

Reiterated Buy X

IPGP IPG Photonics

The Benchmark Company

$230 $255

IPGP  IPG Photonics Corporation

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Company's manufacturing facilities are located in the United States, Germany and Russia. The Company offers laser-based systems for certain markets and applications. Its products are designed to be used as general-purpose energy or light sources. Its product line includes High-Power Ytterbium CW (1,000-100,000 Watts), Mid-Power Ytterbium CW (100-999 Watts), Pulsed Ytterbium (0.1 to 200 Watts), Pulsed and CW, Quasi-CW Ytterbium (100-4,500 Watts), Erbium Amplifiers and Transceivers.