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UPDATE: Jefferies Initiates Coverage on 3D Systems on Market Leader Position

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In a report published Wednesday, Jefferies analyst Peter Misek initiated coverage on 3D Systems Corporation (NYSE: DDD) with a Buy rating and $102.00 price target.

In the report, Jefferies noted, “3D Systems represents the most complete player in the 3D printing industry today. While much of the company was built through acquisitions, the company now spans software (that will become an increasing focus going forward), service bureau, consumables, and the actual printers themselves. We believe this end-to-end capability is currently unrivaled but will likely be emulated by others. This capability also has the benefit of acting as a strategic partner for many high-end manufacturers and if they are successful could allow them to become a standard much in the same way as Siemens and Fanuc are standards in the machining, CNC, and tooling industry where their standards for machine programming help determine tool paths. That ability would solidify 3D Systems as a longer-term high-margin player..”

3D Systems Corporation closed on Tuesday at $80.48.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2019DowngradesNeutralUnderweight
Jun 2019UpgradesSellNeutral
May 2019UpgradesUnderweightNeutral

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: Jefferies Peter MisekAnalyst Color Initiation Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
SAHMorgan StanleyUpgrades31.0
EGIEYGoldman SachsInitiates Coverage On
EQUEYGoldman SachsInitiates Coverage On
CIGGoldman SachsInitiates Coverage On
GLYCRoth CapitalInitiates Coverage On12.0
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