Materialise NV (MTLS) Reports In-Line Q2 EPS
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Piper Jaffray Cuts Price Target on Materialise NV (MTLS) Following Mixed 2Q
August 12, 2016 8:31 AM EDTPiper Jaffray maintained an Overweight rating on Materialise NV (NASDAQ: MTLS), and cut the price target to $8.50 (from $9.00), following the company's 2Q earnings report. Revenues grew 11.4% Y/Y to 27.6M, which was roughly 0.9M below the Street at 28.5M. Pro Forma EPS of (0.01) was in-line with Street expectations.
Analyst Troy Jensen commented,... More
