Needham analyst Quinn Bolton upgraded Advanced Energy (AEIS – Research Report) to Buy today and set a price target of $120.00. The company's shares closed last Thursday at $84.93, close to its 52-week low of $81.71. According to TipRanks.com, Bolton is a top 25 analyst with an average return of 52.8% and a 80.6% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Allegro MicroSystems. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Energy with a $106.29 average price target.
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