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Fly News Breaks for November 29, 2018
VJET
Nov 29, 2018 | 05:20 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for Voxeljet to $6 citing dilution from the recent capital raise and lower revenue growth forecasts following the company's September quarter results. The analyst, however, believes Voxeljet is approaching a "meaningful inflection with two significant growth drivers gaining momentum throughout 2019." He thinks 2019 "will be a significantly better year" for the company and reiterates an Overweight rating on the shares.
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