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Fly News Breaks for August 9, 2017
SSYS
Aug 9, 2017 | 11:06 EDT
Piper Jaffray analyst Troy Jensen noted that Stratasys management reiterated their FY17 guidance, but said they see hitting the high end for revenues and operating margins, though he still believes the company's guidance is overly conservative given his expectation for accelerating product growth in the second half. The analyst, who adds that Stratasys' resellers that have indicated an uptick in system demand trends, raised his price target on the shares to $39 from $38 and keeps an Overweight rating on the stock.
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