Expectations that 3D Systems (DDD) is ready to unveil multiple new products next month prodded Canaccord Genuity to raise its price target on the 3D printer maker. Nevertheless, 3D Systems stock was down in midday trading Tuesday, as were shares of rival Stratasys (SSYS). Analyst Bobby Burleson increased his target price to 95 from 85, ahead of the Consumer Electronics Show in Las Vegas Jan. 7-10. 3D Systems stock was trading near 86.50 in the
Investment bank Pacific Crest Securities initiated coverage on 3D printer makers 3D Systems (DDD), Stratasys (SSYS) and ExOne (XONE) on Monday with a bullish view of “one of the most revolutionary technologies since the development of the home computer.” But that view contrasts with a report on Monday from Nomura Equity Research that says 3D printing “is unlikely to be a game-changer despite market hype.” Analyst Weston Twigg of Pacific Crest
Stratasys (SSYS) could add to its product portfolio by acquiring a company specializing in the metal 3D printing, says FBR Capital, which initiated coverage on Stratasys and 3D Systems (DDD), both with outperform ratings. While Stratasys could be on the prowl for an acquisition, 3D Systems has already made a savvy purchase in the metals market, says FBR Capital analyst Ajay Kejriwal. “A key contributor to 3D Systems’ growth has been its aggressive