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Fly News Breaks for April 14, 2016
DDD
Apr 14, 2016 | 06:26 EDT
BofA/Merrill upgraded 3D Systems two notches to Buy from Underperform and raised its price target to $26. Following two years of underperformance, the firm believes the new strategy and direction by new CEO Vyomesh Joshi to align the cost structure with revenue growth to drive improving profitability, and portfolio optimization will lead the company to a path to earnings upside, even if secular demand for 3D printers is weak.
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