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Fly News Breaks for February 9, 2018
DDD
Feb 9, 2018 | 06:43 EDT
JPMorgan analyst Paul Coster downgraded 3D Systems to Underweight from Neutral with the shares up 14% year-to-date. The current multiple prices in a return to growth that will prove premature, Coster tells investors in a research note. He expects 3D Systems will underperform the mean of his coverage over the next 6-12 months, but does not view the stock as a good short. The analyst keeps an $11 price target on the shares. 3D Systems closed yesterday down 50c to $9.82.
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