UPDATE: JP Morgan Initiates 3D Systems with Neutral, $34 PT; Growth Prospects Balanced with Near-Term Risks
JP Morgan initiates 3D Systems (NYSE: DDD) with a Neutral rating and a price target of $34.
JP Morgan notes, "DDD, a pioneer in 3D printing (3DP), offers the widest range of print engines and on-demand print services in the market. DDD is driving adoption of rapid prototyping and direct digital manufacturing at the high-end of the market, and could spark mass-market demand with introduction of low-priced consumer products this year. Long-term prospects seem very good, but the company faces near-term cyclical uncertainty and some execution challenges."
DDD closed at $29.61 on Friday.
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