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UPDATE: JP Morgan Lowers PT on 3D Systems Corporation after Disappointing 4Q Results

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In a report published Tuesday, JP Morgan maintained 3D Systems Corporation (NYSE: DDD) at Neutral and lowered price target from $40.00 to $37.00.

JP Morgan reported that, “DDD reported slightly disappointing 4Q results and guidance that captures 2013 expectations, pointing to organic revenue growth in the high teens. We are nudging up our revenue estimates but leaving EPS estimates unchanged, on a post-3-for-2 stock split basis. Our price target goes to $37.00, from $40.00. Maintain Neutral.”

3D Systems Corporation closed at $34.55 on Monday.

Latest Ratings for DDD

DateFirmActionFromTo
Dec 2014Longbow ResearchInitiates Coverage onUnderperform
Nov 2014JefferiesMaintainsBuy
Nov 2014Imperial CapitalMaintainsOutperform

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings

 

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