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

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In a report published Wednesday, Credit Suisse analyst Julian Mitchell reiterated an Outperform rating on 3D Systems (NYSE: DDD), 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 closed on Tuesday at $78.02.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2019DowngradesNeutralUnderweight
Jun 2019UpgradesSellNeutral
May 2019UpgradesUnderweightNeutral

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: Credit Suisse Julian MitchellAnalyst Color Price Target Analyst Ratings

 

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