Deutsche Bank maintained a Buy rating on Stratasys Inc. (NASDAQ: SSYS) and reduced its price target to $125.00 (from $165.00). The change follows Q3 results.

Analyst Sherri Scribner said, "SSYS's F3Q-14 results beat Consensus expectations and mgmt reaffirmed FY-14 sales guidance but lowered EPS to $2.21-$2.31 reflecting the acquisition of GrabCAD. We remain positive on the growth opportunities in the 3D printing market and believe SSYS is well positioned to benefit from this growth over the next few years. Our sales estimates remain unchanged, as we expect continued strong organic growth from SSYS, but we have trimmed our EPS driven by the negative margin impact from recent acquisitions. We have also cut our PT to $125 from $165, driven by a more conservative EV/sales multiple of 6x. We continue to view shares as attractive and maintain our Buy."

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Shares of Stratasys Inc. closed at $121.25 yesterday.