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Fly News Breaks for November 15, 2016
SSYS
Nov 15, 2016 | 11:03 EDT
Piper Jaffray analyst Troy Jensen called Stratasys' Q3 results and lowered guidance "discouraging" and believes its visibility remains low. Stratasys revenues continue to be primarily affected by poor system demand and Jensen tells investors that he does not see demand significantly improving over the next several quarters. He cut his price target on Stratasys to $21 from $23 and keeps a Neutral rating on the stock, which is down over 13% to $17.72 in morning trading.
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