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Fly News Breaks for May 10, 2019
DDD
May 10, 2019 | 06:30 EDT
JPMorgan analyst Paul Coster upgraded 3D Systems to Neutral from Underweight with an unchanged price target of $8. The stock is down 25% this week after posting "lackluster" Q1 results, Coster tells investors in a research note. With the stock nearing his price target, the analyst upgraded the shares. However, he thinks 3D Systems' Q2 "may remain pressured" due to tough comps and product mix shift to lower priced printers. The analyst also expects the stock's volatility to remain elevated, but he views as more reasonable at current levels.
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