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UPDATE: Deutsche Bank Initiates Coverage on 3D Systems on Positive Growth Outlook

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In a report published Tuesday, Deutsche Bank analyst Sherri Scribner initiated coverage on 3D Systems Corporation (NYSE: DDD) with a Buy rating and $95.00 price target.

In the report, Deutsche Bank noted, “We view 3D Systems as well positioned to benefit from the growth in the nascent additive manufacturing industry through its extensive technology portfolio. The company has increased its materials and services offerings, which has helped expand margins, and we expect future growth in materials to benefit margins over time. With strong industry growth just beginning to take off, we view 3D Systems as one of the key beneficiaries. Given our view that the industry will see further growth and that 3D Systems will be a key beneficiary, we are initiating coverage with a Buy and $95 price target.”

3D Systems Corporation closed on Monday at $75.95.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2019DowngradesNeutralUnderweight
Jun 2019UpgradesSellNeutral
May 2019UpgradesUnderweightNeutral

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Sherri ScribnerAnalyst Color Initiation Analyst Ratings

 

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