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Fly News Breaks for June 26, 2017
SSYS
Jun 26, 2017 | 05:31 EDT
Goldman Sachs analyst Matthew Cabral downgraded Stratasys to Sell with an unchanged price target of $20. The maker of 3D printers closed Friday down 10c to $27.61. The shares are up 67% year-to-date while competition is ramping and price pressure is mounting, Cabral tells investors in a research note. He expects the shift from 3D printing's "prototyping heritage to a production-oriented future" to weigh on the company's gross margins.
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