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Fly News Breaks for August 1, 2019
SSYS
Aug 1, 2019 | 09:05 EDT
Stratasys shares, at around $28, continue to be overvalued, William Blair analyst Brian Drab tells investors in a research note. The analyst now forecasts the company's organic revenue to be roughly flat in 2019 following the revenue shortfall in Q2. Further, he believes Stratasys' guidance looks aggressive. Drab sees "material downside in the stock" from the current level and maintains an Underperform rating on the name.
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