UPDATE: Bank of America Initiates Coverage on 3D Systems Corporation with Buy Rating, $65 PT on Good Market Position - 3D Sys (NYSE:DDD)

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In a report published Monday, Bank of America analyst Wamsi Mohan initiated coverage on

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3D Systems Corporation

(NYSE: DDD) with a Buy rating and $65.00 price target.In the report, Bank of America noted, “We are initiating coverage on 3D Systems with a Buy rating and price objective of $65. In our opinion, the additive manufacturing (AM) space has a rapidly growing Total Available Market size (22% CAGR through 2017) and 3D Systems with a broad array of technologies is attractively positioned to take advantage of this disruptive technology. The market remains an early stage opportunity with significant potential for growth.”3D Systems Corporation closed on Friday at $53.49.