On Tuesday, UBS initiated coverage on the 3D printing sector. Analyst Steven Milunovich slapped a Neutral rating on shares of 3D Systems DDD with a $62 price target, as well as a Buy rating on Stratasys SSYS with a $125 price target. Shares are up 1.7 and 3.9 percent, respectively.
Milunovich advised that investors be “selective” when playing the space as competition from Hewlett-Packard HPQ is expected within the year.
According to the analyst, 3D Systems is distinguished by:
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- Aggressive acquisition strategy with immediate integration.
- Ability to print in metals using SLA/SLS technologies, unlike Stratasys.
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