UPDATE: Deutsche Bank Initiates Coverage on 3D Systems Corporation with Buy Rating, $95 PT on Positive Growth Outlook

In a report published Tuesday, Deutsche Bank analyst Sherri Scribner initiated coverage on

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.