Stratasy (SSYS) Is Performing Well Despite 3D Systems (DDD) Troubles, Jefferies Says
Get Alerts SSYS Hot Sheet
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Jefferies analyst Jason North reiterated a Buy rating and $155 price target on Stratasys Inc. (NASDAQ: SSYS) amid a warning from peer 3D Systems (NYSE: DDD). The stock remains their Top Pick.
North commented, "In contrast to DDD's weak Q3, our reseller survey indicates that SSYS had a good quarter and is set up for a solid Q4. Also, longer-term spending intentions and SSYS' proprietary material attach rate bode well. One wrinkle is that our survey indicates SSYS is discounting more than DDD, which we believe is due to SSYS reinvesting its fx benefits. We trim our GM slightly but raise our revs/EPS for 2015 and reiterate our Buy."
The firm bumped FY 2015 EPS from $3.20 to $3.32.
For an analyst ratings summary and ratings history on Stratasys Inc. click here. For more ratings news on Stratasys Inc. click here.
Shares of Stratasys Inc. closed at $115.82 yesterday.
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