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Fly News Breaks for November 15, 2016
SSYS
Nov 15, 2016 | 11:45 EDT
As previously reported, Craig-Hallum analyst Steve Dyer downgraded Stratasys to Hold from Buy following the company's Q3 report and issuance of a "more muted" outlook. While Stratasys has recently introduced a number of "new and exciting products," they aren't likely to be material to the P&L for several years and any rebound in demand is likely "several quarters away," said Dyer, who cut his price target on the stock to $18 from $24.
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