Market Overview

UPDATE: JP Morgan Downgrades 3D Systems Corporation to Underweight on Valuation

Share:
Related DDD
Watch These 6 Huge Put Purchases In Friday Trade
3D Systems Buyout Rumor May Trigger Short Squeeze
New Deal Talk As Tesla Hits Ludicrous Speed (Seeking Alpha)

JP Morgan lowered its rating on 3D Systems Corporation (NYSE: DDD) from Neutral to Underweight while maintaining a $34.50 price target per share.

JP Morgan noted, "The stock is up 148% YTD (S&P500 up 9%), and has traded through our 2013 year-end price target. Though long-term prospects for 3D printing technologies, and 3D Systems, are very good, the stock prices in aggressive expectations and riskreward is skewed unfavorably, in our view. With a near-term perspective, we are concerned that the stock does not reflect cyclical risks, and the ~35% exposure to European end markets. We are also concerned that expectations relating to the consumer product launch are unrealistic."

3D Systems Corporation closed at $35.78 on Wednesday.

Latest Ratings for DDD

DateFirmActionFromTo
Nov 2016Gabelli & Co.UpgradesHoldBuy
Oct 2016FBR CapitalAssumesMarket Perform
Aug 2016JefferiesMaintainsHold

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (DDD)

View Comments and Join the Discussion!