Stratasys (SSYS) Reiterated Buy at Brean Capital

September 4, 2013 11:35 AM EDT Send to a Friend
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Price: $62.06 +0.99%

Rating Summary:
    15 Buy, 12 Hold, 0 Sell

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Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Brean Capital today maintained a Buy rating on Stratasys Inc. (NASDAQ: SSYS) with a price target of $115.00. Analyst Ananda Baruah said he had "increased enthusiasm" and greater confidence in improved EPS.

"Last night we hosted a dinner with Stratasys VP of Investor Relations, Shane Glenn, and Cody Burke, Industry Analyst at MakerBot - who will be joining Mr. Glenn on the Stratasys IR team," said Baruah. "We left our dinner with increased confidence that SSYS can do $3.30 - $3.50 in CY15 EPS."

Baruah confidence is based on "possible that organic growth eventually accelerates above current 20%-30% levels for a period of time, as new market opportunities open up in the future . . . SSYS can ultimately generate operating leverage from MakerBot . . . We expect M&A cadence to pick up from the current cadence of ~1 deal annually."

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 $110.26 yesterday.

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