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Fly News Breaks for November 11, 2016
DDD, SSYS, VJET
Nov 11, 2016 | 05:57 EDT
Citi analyst Kenneth Wong downgraded voxeljet (VJET) to Sell citing the loss of the company's largest customer coupled with weaker sales at the German facility in Q3. The analyst cut his price target for the shares to $3.50 from $5 following voxeljet's earnings report. He expects "some sympathy selling" across 3D printing peers Stratasys (SSYS) and 3D Systems (DDD), but sees "fairly limited" downside due to the company-specific nature of voxeljet's weakness.
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