Piper says Stratasys should be able to beat 'overly conservative' guidancePiper Jaffray analyst Troy Jensen noted that Stratasys reiterated 2017 guidance for sales to decline 2%, but he argues that this "overly conservative" estimate is inconsistent with the feedback he is getting from Stratasys' resellers pointing to stronger system demand trends. The analyst, who expects Stratasys will be able to exceed expectations throughout the year, raised his price target on the stock to $38 from $28 and reiterates an Overweight rating on the name. |