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Fly News Breaks for November 14, 2019
SSYS
Nov 14, 2019 | 09:25 EDT
Loop Capital analyst Ananda Baruah lowered his price target on Stratasys to $18 and kept his Hold rating after its mixed Q3 results, with a 1c beat on earnings and a miss on revenue, as well as the company's cut in its FY19 revenue outlook. The analyst notes that the company is making good progress with its "key production systems and materials qualification milestones", but is seeing a greater headwind amid capex spending compression in Europe and China - particularly in their auto markets.
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