Analyst Bullish On 3D Systems, Says Wait On The Sidelines In Stratasys, ExOne
Shares of 3D Systems (NYSE: DDD) are leading the 3D Printing sector higher Monday afternoon following some bullish comments from Pacific Crest's Weston Twigg earlier.
Twigg initiated coverage on 3D Systems shares with an Outperform rating and $96 price target. The analyst started coverage on both shares of Stratasys and ExOne with Sector Perform ratings.
The Pacific Crest analyst believes 3D Systems currently has the most varied ecosystem in the sector. He believes traders should initiate a "moderate" position in 3D Systems with the expectation to buy aggressively on pullbacks.
Twigg is modeling for Stratasys to grow about inline with the broader 3D-printing group. He sees solid growth at ExOne, but warned this growth is likely already priced into the stock.
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