UPDATE: JP Morgan Lowers PT on 3D Systems Corporation after Disappointing 4Q Results
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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.