UPDATE: Deutsche Bank Initiates Coverage on Stratasys Ltd. with Buy Rating, $140 PT on Expected Continued Benefits from Market Growth

In a report published Tuesday, Deutsche Bank analyst Sherri Scribner initiated coverage on Stratasys Ltd. SSYS with a Buy rating and $140.00 price target. In the report, Deutsche Bank noted, “We expect Stratasys to continue to benefit from the growth in the nascent additive manufacturing market, driven by its leading position in FDM, one of the most cost-effective technologies available today. The company has the highest gross margins in the industry, and we expect operating margins to improve over the next few quarters, driving faster EPS growth. With strong industry growth just beginning to take off, we view Stratasys as one of the key beneficiaries. We see further upside to the shares based on growth and thus rate Stratasys a Buy.” Stratasys Ltd. closed on Monday at $117.67.