Piper Jaffray Upgrades 3D Systems Corp. (TDSC) to Neutral
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Piper Jaffray upgrades 3D Systems Corp. (NASDAQ: TDSC) from Sell to Neutral but lowers their price target from $12 to $9.
After disappointing earnings results and another delay in the company's highly anticipated V-Flash, Piper feels the share price is fairly valued after a sell off. Piper understands the macro environment is currently difficult, but 3D's competitors have not been similarly affected leading Piper analysts to believe that the disappointing results have more to do with execution. Nevertheless, the firm currently thinks the stock is fairly valued.
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