BofA Cuts Target on 3D Systems (DDD) to $60; Shift to Lower ASP Printers is Growing

BofA/Merrill Lynch is cutting its price target on 3D Systems (NYSE: DDD) from $65 to $60, while keeping an Underperform rating on the stock.

Analyst Wamsi Mohan cites lower confidence in 3D Systems' long-term model on the move. The analyst noted that the company's latest 10-K filing shows the 3-D printer mix gravitating lower, with lower ASP printers seeing higher sales volume.

Mohan noted that the move toward lower ASP printers would lead to lower attach rate for materials versus production printers over time.

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.

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