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Fly News Breaks for March 1, 2019
DDD
Mar 1, 2019 | 06:38 EDT
JPMorgan analyst Paul Coster lowered his price target for 3D Systems to $8 following the company's Q4 results and keeps an Underweight rating on the shares. Though the company looks for profitable growth in 2019, progress will be "heavily" backend-loaded, owing to slower enterprise sales in the seasonally weak Q1, and a continued delay in anticipated materials ramp, Coster tells investors in a research note. Further, while printer shipment growth continues to be strong, average selling prices are declining, adds the analyst.
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