Barclays Maintains an 'Equalweight' on 3D Systems (DDD); Snapping Back in Q4; Updates Guidance

Barclays maintains an 'Equalweight' on 3D Systems (NYSE: DDD) price target raised from $17 to $25.

Analyst, Ben A. Reitzes, said, "After a tough 3Q, 3D Systems rebounded in 4Q11 and issued solid guidance for 2012, including non-GAAP EPS of $1.00-$1.25. However, we note that a large portion of the upside to consensus reflects the exclusion of several GAAP items. We believe that 3D systems can benefit from an economic recovery and new products, while issues to watch include execution on the gross margin line and free cash flow that is trending well below EPS."

Barclays sees Q1 EPS at $0.11, lowers FY12 from $0.80 to $0.62 and FY13 from $0.92 to $0.87.

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.

Shares of 3D Systems closed at $23.31 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Stantec Inc. (STN:CN) (STN) PT Lowered to Cdn$169 at Desjardins
• Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities