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Susquehanna raises 3D Systems target to 13% downside; shares +9.6%

Published 03/05/2018, 03:35 PM
© Reuters.  Susquehanna raises 3D Systems target to 13% downside; shares +9.6%
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  • Susquehanna maintains a Neutral rating on 3D Systems (NYSE:DDD) and increases the price target by a dollar to $10, a 13% downside to Friday’s close.
  • Analyst David Ryzhik found preliminary Q4 results encouraging but says it’s too soon to call this a turnaround.
  • The analyst expects 3D to take more than a quarter to iron out execution issues and it’s too early to predict the performance of new products.
  • Source: Bloomberg First Word.
  • 3D Systems shares are up 9.6% to $12.58 with a 52-week range of $7.92 to $23.70.
  • Previously: 3D Systems +14.7% after delaying Q4 report, includes upside prelim results (Feb. 28)
  • Now read: Box May Have Even Worse Days Ahead


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