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Fly News Breaks for July 31, 2019
SSYS
Jul 31, 2019 | 14:17 EDT
Stratasys reported a Q2 revenue miss due to a significant drop in system demand, specifically in Europe, Piper Jaffray analyst Troy Jensen tells investors in a research note. Despite the miss, the analyst remains optimistic that product revenue will reaccelerate in 2020 given the launch of new systems and new material introductions. As a results, he reiterates an Overweight rating on Stratasys with a $32 price target.
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