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Fly News Breaks for May 13, 2016
VJET
May 13, 2016 | 11:11 EDT
Piper Jaffray analyst Troy Jensen said he thinks the slowdown in voxeljet's service sales are "entirely" related to macro issues and not an indication of poor execution and he anticipates the company will recover in the coming quarters. He also believes its system sales pipeline remains "exceptionally strong" and that the company's guidance is attainable and even "modestly beatable." Jensen keeps an Overweight rating and $7.30 price target on voxeljet shares.
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