UPDATE: Piper Jaffray Initiates Stratasys at Neutral on Risk/Reward - Stratasys (NASDAQ:SSYS)

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Piper Jaffray initiated coverage on Stratasys (NASDAQ: SSYS) with a Neutral rating and a $86.50 price target.Piper Jaffray said, "We see SSYS driving 3D printer market growth at about a 20% CAGR through 2015, and 15% for 2015 through 2020. SSYS has emerged as the leading professional systems supplier in the rapid prototyping market and in segments of direct digital manufacturing (DDM). We like the 3D printing growth opportunity and SSYS is executing well, but there are integration challenges ahead that make risk-reward balanced at present."Stratasys closed at $85.95 on Thursday.

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