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Fly News Breaks for May 15, 2017
VJET
May 15, 2017 | 08:19 EDT
As reported previously, Cowen analyst Robert Stone upgraded voxeljet to Outperform from Market Perform following Q1 results. The analyst noted the weaker than expected results but said the decline in system sales was almost offset by strong growth and margins from services. He believes higher system sales will drive second half results. Stone raised his price target to $5.50 from $3.00 on voxeljet shares.
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