Chardan Capital Markets Starts Cimatron Ltd. (CIMT) at Buy; Foray Into 3D Could be 'Game-Changer'

October 3, 2013 8:01 AM EDT
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Price: $8.83 --0%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Chardan Capital Markets initiates coverage on Cimatron Ltd. (NASDAQ: CIMT) with a Buy rating and $10 price target, saying the company is positioning itself for the upcoming ramp in 3D printing.

"In our view, CIMT's planned foray in the 3D Printing business could well turn out to be a game-changer for the company (if well executed), driving massive TAM expansion," analyst Jay Srivatsa said. Acceleration in demand for 3D Printing is expected to be driven by lower cost of 3D Printers, refinement in technology for its use in custom manufacturing and its increasing adoption by individuals. CIMT, by leveraging its deep expertise and experience in the CAD/CAM software, is well positioned to tap growth opportunities in the burgeoning 3D Printing market, in our view."

For an analyst ratings summary and ratings history on Cimatron Ltd. click here. For more ratings news on Cimatron Ltd. click here.

Shares of Cimatron Ltd. closed at $5.73 yesterday.

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