Dougherty & Co Downgrades Stratasys Inc. (SSYS) to Neutral; Valuation Call
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Price: $9.00 +0.33%
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co downgraded Stratasys Inc. (NASDAQ: SSYS) from Buy to Neutral, price target raised from $30 to $33.00.
Dougherty analyst said, "As an industry leader in the three-dimensional printing space, Stratasys continues to execute well. We heard nothing during the Q411 earnings call on Tuesday that causes us to doubt that the company would be able to achieve at least 15% organic growth, and possibly margin expansion, in FY12. In our view, Stratasys appears to be on the right track, especially as it focuses on growing its business outside of the lackluster HP (NYSE: HPQ) partnership, which was announced in January 2010 and has ceased to perform to expectations."
"All positive fundamentals aside, we believe that the stock has recently appreciated to a level where growth expectations are slightly more than priced in."
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 $38.06 yesterday.
Dougherty analyst said, "As an industry leader in the three-dimensional printing space, Stratasys continues to execute well. We heard nothing during the Q411 earnings call on Tuesday that causes us to doubt that the company would be able to achieve at least 15% organic growth, and possibly margin expansion, in FY12. In our view, Stratasys appears to be on the right track, especially as it focuses on growing its business outside of the lackluster HP (NYSE: HPQ) partnership, which was announced in January 2010 and has ceased to perform to expectations."
"All positive fundamentals aside, we believe that the stock has recently appreciated to a level where growth expectations are slightly more than priced in."
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 $38.06 yesterday.
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