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Fly News Breaks for July 9, 2015
DDD
Jul 9, 2015 | 05:58 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for 3D Systems (DDD) to $16 saying the company's Q2 results will likely be slightly below consensus while second half of 2015 consensus estimates are "way too aggressive." Jensen expects one more round of estimate cuts once 3D reports Q2 results and lowered his 2015 earnings estimate for the company to 41c from 48c. He reiterates an Underweight rating on the stock.
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