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Fly News Breaks for July 3, 2017
HPQ, DDD
Jul 3, 2017 | 05:51 EDT
Piper Jaffray analyst Troy Jensen says that while he believes the 3D printing industry has experienced an uptick in demand, competition is targeting 3D Systems' (DDD) key products. HP (HPQ) will have a significant impact on 3D's Selective Laser Sintering sales given the lower system and material pricing, Jensen tells investors in a research note. He also believes Formlabs' lower priced SLS machine will provide another step function in competition starting in 2018. The analyst remains cautious on 3D Systems and reiterates an Underweight rating on the shares with a $14 price target.
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