Needham analyst James Ricchiuti believes 3D Systems is likely to implement additional cost actions following its announcement that it would discontinue its low-end Cube 3D printer and shut down its Cubify.com consumer platform. The analyst views the moves as constructive and indicative of management's commitment to improve earnings over the next year. A gradual withdrawal from the consumer business was expected, Ricchiuti tells investors in a research note. He believes 3D will evaluate other consumer-related business lines, including the Gentle Giant Studios 3D collectibles business as well as the scanner products. The analyst lowered his price target for the shares to $14 and $15 and keeps a Buy rating on the name.