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Janney Capital Markets Expects Demand to Expand for 3D Systems

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In a report published Wednesday, Janney Capital Markets analyst John Baliotti reiterated a Buy rating on 3D Systems (NYSE: DDD).

In the report, Janney Capital Markets noted, “3D Systems is a pioneer in the development and manufacture of additive manufacturing systems for over 25 years. Along with internally developed technology, the company has completed roughly 38 acquisitions since 2001, complementing its growth strategy and market share. We are expecting share price volatility among names in this market, but demand will expand faster than in the past in our estimation. We have revised our fair value estimate to $95 (was $68).”

3D Systems closed on Tuesday at $78.02.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2019DowngradesNeutralUnderweight
Jun 2019UpgradesSellNeutral
May 2019UpgradesUnderweightNeutral

View More Analyst Ratings for DDD
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Posted-In: Janney Capital Markets John BaliottiAnalyst Color Reiteration Analyst Ratings

 

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UPDATE: Credit Suisse Reiterates on 3D Systems Following Euromold Presentation in NYC

UPDATE: Brean Capital Reiterates on 3D Systems on Solid Outlook Going Forward