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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 08:54 EDT
B. Riley FBR analyst Christopher Van Horn raised the firm's price target on 3D Systems to $10 from $8 and keeps a Neutral rating on the shares following the company's Q4 results. 3D's margins are reflecting the favorable impact of its cost-saving measures implemented in recent quarters, Van Horn tells investors in a research note. While management's success managing costs should ultimately be positive for the earnings profile,the potential significant earnings upside will require demand to come back, says the analyst.
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