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Fly News Breaks for August 5, 2019
SSYS
Aug 5, 2019 | 07:28 EDT
Susquehanna analyst David Ryzhik said Stratasys Q2 results were disappointing but said the softness was not a surprise given softening Eurozone PMI's, weaker automobile industry data points, and recent commentary from peers in the industrial space. The analyst said despite the weakness, he remains positive on the shares at current levels in the context of an achievable growth acceleration. He also sees Stratasys as an attractive takeover target given its leadership position, strong balance sheet,, and rising high margin revenue stream. Ryzhik reiterated his Positive rating and raised is price target to $29 from $28 on Stratasys shares.
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