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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 11:36 EDT
Loop Capital analyst Ananda Baruah maintained a Sell rating on 3D Systems (DDD) and a Hold rating on Stratasys (SSYS) in a research note on his thoughts on the 3D printing space. Baruah said he is affirming his Sell rating on 3D Systems "for now" given macro and coronavirus headwinds given that the company's product ramps are focused on the second half of 2020. The analyst, who has a $9 price target on the shares, also acknowledged that 3D sounds confident in 2020 growth even with current macro and coronavirus impact, assuming it is temporary in nature. Meanwhile, Baruah kept a Hold rating and $18 price target on Stratasys following its quarterly report, saying he believes the key dynamics to monitor are line of sight to new product launches and traction. The analyst added the he believes key products will be introduced later than originally anticipated, with the launches now being targeted for the second half of 2020 instead of dispersed throughout the year.
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