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Fly News Breaks for July 25, 2019
PRLB
Jul 25, 2019 | 14:54 EDT
Piper Jaffray analyst Troy Jensen lowered his price target on Proto Labs shares to $84 from $92 to reflect his decreased estimates and a lower multiple after the company reported what he called its "third consecutive quarter with disappointing results." He now expects 5% revenue growth in 2019 and "only" 10% growth in 2020, said Jensen, who keeps a Neutral rating on the stock.
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