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Fly News Breaks for May 16, 2017
SSYS
May 16, 2017 | 15:22 EDT
Piper Jaffray analyst Troy Jensen noted that Stratasys reiterated 2017 guidance for sales to decline 2%, but he argues that this "overly conservative" estimate is inconsistent with the feedback he is getting from Stratasys' resellers pointing to stronger system demand trends. The analyst, who expects Stratasys will be able to exceed expectations throughout the year, raised his price target on the stock to $38 from $28 and reiterates an Overweight rating on the name.
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