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Fly News Breaks for March 15, 2016
SSYS, DDD
Mar 15, 2016 | 06:29 EDT
JPMorgan analyst Paul Coster downgraded 3D Systems (DDD) to Underweight saying yesterday's post-earnings share rally was an overreaction. Much like peer Stratasys (SSYS), 3D investors are now pricing in "unrealistic expectations of a V-shaped recovery," Coster tells investors in a research note. He calls the stock's 68% year-to-date rally "excessive." The analyst raised his price target for 3D shares to $10 from $9. The provider of three-dimensional printing solutions closed yesterday up 25% to $14.39.
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