3D Systems (DDD), Stratasys (SSYS) Bounce After Analyst Defense
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Price: $3.45 -1.43%
Rating Summary:
8 Buy, 18 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
8 Buy, 18 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Analysts at Piper Jaffray are defending 3D Systems Corp. (NYSE: DDD) and Stratasys Ltd. (NASDAQ: SSYS) this morning following Monday's sell-offs of 14 percent and 10 percent, respectively.
Piper analyst Troy Jensen said yesterday's declines on concerns of competition from ExOne were overdone.
Metal-based 3D printers are gaining traction in the industry, there will always be space for multiple technologies, the firm notes.
Jensen has an Overweight rating and $73 price target on DDD and an Overweight and $94 price target on SSYS.
DDD is up 3.3% early. SSYS is up 1.5%.
Piper analyst Troy Jensen said yesterday's declines on concerns of competition from ExOne were overdone.
Metal-based 3D printers are gaining traction in the industry, there will always be space for multiple technologies, the firm notes.
Jensen has an Overweight rating and $73 price target on DDD and an Overweight and $94 price target on SSYS.
DDD is up 3.3% early. SSYS is up 1.5%.
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