3D Systems (DDD), Stratasys (SSYS) Bounce After Analyst Defense

January 29, 2013 9:58 AM EST
Get Alerts DDD Hot Sheet
Price: $17.00 +5.59%

Rating Summary:
    8 Buy, 13 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 37 | New: 34
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Analysts at Piper Jaffray are defending 3D Systems Corp. (NYSE: DDD) and Stratasys Ltd. (NASDAQ: SSYS) this morning following Monday's sell-offs of 14 percent and 10 percent, respectively.

Piper analyst Troy Jensen said yesterday's declines on concerns of competition from ExOne were overdone.

Metal-based 3D printers are gaining traction in the industry, there will always be space for multiple technologies, the firm notes.

Jensen has an Overweight rating and $73 price target on DDD and an Overweight and $94 price target on SSYS.

DDD is up 3.3% early. SSYS is up 1.5%.

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