Market Overview

3D Printing Stocks Moving After Jefferies Action

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Earlier Friday, analysts at Jefferies issued comments on three notable players in the 3D printing sector.

The analysts at Jefferies believe the growth potential for prototyping is not fully appreciated based on the RAPID trade show and noted that Stratasys (NASDAQ: SSYS) is the most leveraged in the way of prototyping. Additionally, the team pointed to 3D Systems (NYSE: DDD) exposure to prototyping in manufacturing, but cautioned that manufacturing might take longer to ramp up.

In addition to prototyping, the firm noted that sentiment from RAPID suggested prosumer has higher margins than consumer and again pointed to Stratasys as being best positioned for benefit.

The firm made the following adjustments to 3D printer stocks:

  • 3D Systems: Reiterate Buy, lowered price target from $102 to $67
  • Stratasys: Reiterate Buy, maintained price target at $140
  • The ExOne Company: (NASDAQ: XONE) Downgraded from Buy to Hold,

Despite the reiterated confidence in Stratasys and 3D Systems, as well as a pair of Seeking Alpha articles suggesting a potential rally in the sector, shares of both companies are trading stable to down in Friday's session.

Alternatively, ExOne shares have seen as much as a five percent bump and were trading $33.37 at last check.

Latest Ratings for DDD

DateFirmActionFromTo
Oct 2014OppenheimerInitiates Coverage onOutperform
Sep 2014Pacific CrestDowngradesOutperformSector Perform
Sep 2014Morgan StanleyInitiates Coverage onEqual-weight

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color News Downgrades Price Target Reiteration Analyst Ratings

 

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