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Fly News Breaks for August 4, 2016
SSYS
Aug 4, 2016 | 13:18 EDT
Piper Jaffray analyst Troy Jensen believes second half of 2016 revenue estimates remain at risk for Stratasys after the company reported "mixed" Q2 results. Sales missed expectations while better cost controls allowed the company to beat on the bottom line, Jensen tells investors in a post-earnings research note. He believes headwinds affecting demand likely prevail throughout the year and keeps a Neutral rating on Stratasys. Jensen lowered his price target for the shares to $23 from $24.
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