UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on 3D Systems Corporation Following Euromold Presentation in NYC

In a report published Wednesday, Credit Suisse analyst Julian Mitchell reiterated an Outperform rating on

, and raised the price target from $65.00 to $76.00. In the report, Credit Suisse noted, “Today we attended DDD's Euromold presentation in NYC followed by a discussion with CFO, Damon Gregoire. Euromold is a large industry event for manufacturing-focused 3D printing (covering other mold making and tooling technologies) and features a large number of OEMs and new product introductions. We raise our TP to $76 (from $65) as we increase our out-year EPS ests slightly to reflect the new product roll-out. DDD remains our top pick in the 3D printing sector, although we acknowledge richer valuations today.” 3D Systems Corporation closed on Tuesday at $78.02.