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Fly News Breaks for February 7, 2019
PRLB
Feb 7, 2019 | 16:59 EDT
Piper Jaffray analyst Troy Jensen lowered his price target on Proto Labs to $98 and kept his Neutral rating after its Q4 results saw weak revenue and below-consensus earnings. The analyst says the company's headwinds included relocation of its CNC facility, soft performance in December, and lower than expected results from RAPID acquisition. Jensen adds that Proto labs should be able to sustain mid-teen growth rate longer term, but sees the stock as appropriately valued at this time.
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