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Fly News Breaks for April 15, 2016
DDD
Apr 15, 2016 | 08:17 EDT
Stephens analyst Ben Hearnsberger raised his price target for 3D Systems to $22 from $17. Hearnsberger says his intra-quarter checks suggest that system sales were up year-over-year in Q1, ahead of estimates for down revenue, adding that he still believes that the focus on profitability should remain a top priority. The analyst reiterates an Overweight rating on the shares, but says he is replacing 3D Systems with cash as his 2016 best idea.
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