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Fly News Breaks for October 31, 2019
DDD
Oct 31, 2019 | 05:35 EDT
Piper Jaffray analyst Troy Jensen says 3D Systems reported "solid" September quarter results with revenue and earnings beating consensus estimates. However, Q4 guidance was cautious given macro concerns and sustained technical problems with the company's metal 3D printer, Jensen tells investors in a research note. The analyst, however, remains confident that 3D Systems can reaccelerate product growth in 2020 "with a competitive metal offering, sustained strength in dental and health care, a host of new materials, and easier comps." He lowered his price target for the shares to $12 from $12.50 and reiterates an Overweight rating on the name.
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