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Fly News Breaks for May 18, 2018
VJET
May 18, 2018 | 12:39 EDT
Piper Jaffray analyst Troy Jensen reiterated an Overweight rating and $8 target on voxeljet shares after the company reported better-than-expected Q1 results, with EPS well above their expectations and revenues slightly beating their estimates. Beyond the performance of the current business, Jensen is bullish on the company's VX200 HSS system, which he believes "will be a disrupting player in the 3D printing industry due to its incredible production speed." The product, he said, is currently being distributed to beta customers and is expected to be fully distributed no later than 2020.
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