IPG Photonics (IPGP +14.9%) takes off after scoring a major victory in its legal battle with...

|About: IPG Photonics Corporation (IPGP)|By:, SA News Editor

IPG Photonics (IPGP +14.9%) takes off after scoring a major victory in its legal battle with IMRA. Needham, however, is reiterating a Hold: while believing yesterday's ruling removes a "major overhang," it thinks "an economic cloud continues to hover" over the laser manufacturer, along with other industrial tech names.