UPDATE: Jefferies Downgrades Stratasys Inc. (SSYS) to Hold Following Report; Management 'Cautious Regarding New Ventures'

May 18, 2017 5:57 AM EDT
Get Alerts SSYS Hot Sheet
Price: $18.68 -0.32%

Rating Summary:
    14 Buy, 14 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 13 | New: 10
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(Updated - May 18, 2017 6:55 AM EDT)

Jefferies downgraded Stratasys Inc. (NASDAQ: SSYS) from Buy to Hold with a price target of $30.00 (from $24.00), following the company's first quarter earnings report.

Analyst James Kisner notes the company produced first quarter earnings per share and revenues above consensus projections, despite a slight miss on gross margin expectations, as management reiterated cautious 2017 guidance.

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 $27.80 yesterday.

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