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Fly News Breaks for April 26, 2016
DDD
Apr 26, 2016 | 08:44 EDT
As previously reported, Needham downgraded 3D Systems to Hold from Buy as the company's shares may be pricing in too much. Needham analyst James Ricchiuti says the company's shares are up over 110% year to date. Although EPS estimates could go higher for 3D Systems, increases over the next year are likely to be modest as it finds itself having to balance the need to restrain operating costs with having to maintain and possibly step up investments in key areas, the analyst tells investors in a research note.
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