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Fly News Breaks for July 9, 2015
DDD, SSYS
Jul 9, 2015 | 05:54 EDT
Piper Jaffray analyst Troy Jensen says that while he remains more upbeat on Stratasys (SSYS) than other name in the 3D printing space, second half of 2015 consensus estimates for the company are too high. The analyst expects one more round of estimate cuts when Stratasys reports Q2 results in August. Jensen calls the company's 2015 "incredibly disappointing," but adds he continues to expect the industry to grow at "healthy rates" once excess capacity is consumed. He lowered his price target for Stratasys shares to $42 from $43 and keeps a Neutral rating on the name. Jensen also cut his price target for 3D Systems (DDD) this morning to $16 from $18 and reiterates an Underweight rating on the stock.
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