Fly News Breaks for February 27, 2020
Feb 27, 2020 | 05:15 EDT
Piper Sandler analyst Troy Jensen lowered the firm's price target on Stratasys to $24 from $26 and reiterates an Overweight rating on the shares. The company reported Q4 results with a top- and bottom-line miss as it continues to face macro headwinds in Europe and Asia, Jensen tells investors in a post-earnings research note. However, the analyst is pleased to see growth in Americas, with mid-single digit year-over-year growth in target verticals and a share of new systems sold into the manufacturing environment. He continues to believe Stratasys will deliver accelerating revenue growth in 2020.
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