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Fly News Breaks for January 19, 2016
PRLB, MTLS, DDD, SSYS
Jan 19, 2016 | 06:12 EDT
After surveying 73 3D printing resellers, Piper Jaffray analyst Troy Jensen says system demand remained challenged in Q4. Prototyping users are still digesting excess capacity that was built up over the last few years, Jensen tells investors in a research note. The analyst believes consensus estimates for both Stratasys (SSYS) and 3D Systems (DDD) will come down one more time. Industry contacts, however, indicate that interest and demand is beginning to reaccelerate, Jensen writes. He believes pipelines are strong heading into 2016 and keeps an Overweight rating on Stratasys. Jensen has a Neutral rating on 3D Systems. He also rates Materialise (MTLS) at Overweight and Proto Labs (PRLB) at Neutral.
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