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Fly News Breaks for October 28, 2016
PRLB
Oct 28, 2016 | 07:57 EDT
As reported previously, Canaccord analyst Bobby Burleson downgraded Proto Labs to Hold from Buy on concerns that the current period of slow growth is more protracted that he initially thought. Burleson said a recovery to historical growth rates is possible, but it could be complicated by increasing web-enabled short run injection molding and cannibalization from 3D printing. Burleson lowered his price target to $47 from $65 on Proto Labs shares.
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