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UPDATE: JP Morgan Initiates 3D Systems with Neutral, $34 PT; Growth Prospects Balanced with Near-Term Risks

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Benzinga's Top Upgrades, Downgrades For August 4, 2017
Analyst: 3D Systems Is Making The Right Moves

JP Morgan initiates 3D Systems (NYSE: DDD) with a Neutral rating and a price target of $34.

JP Morgan notes, "DDD, a pioneer in 3D printing (3DP), offers the widest range of print engines and on-demand print services in the market. DDD is driving adoption of rapid prototyping and direct digital manufacturing at the high-end of the market, and could spark mass-market demand with introduction of low-priced consumer products this year. Long-term prospects seem very good, but the company faces near-term cyclical uncertainty and some execution challenges."

DDD closed at $29.61 on Friday.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2017JP MorganUpgradesUnderweightNeutral
Jul 2017Loop CapitalInitiates Coverage OnHold
Jul 2017SusquehannaInitiates Coverage OnNeutral

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Posted-In: JP MorganAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings

 

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