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Fly News Breaks for August 15, 2016
VJET
Aug 15, 2016 | 05:49 EDT
Piper Jaffray analyst Troy Jensen says the post-earnings selloff in shares of voxeljet provides a good value buying opportunity. The company's sales in Q2 were affected by a push out in system orders from key customers within Oil & Gas and Energy industries, Jensen tells investors in a research note. He lowered his price target for the shares to $5.70 from $7.30 but keeps an Overweight rating on voxeljet. Jensen remains positive on the company's 12 month outlook and pipeline for new products.
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