ARC Group best positioned for Metal 3D technology, says Brean Capital Brean Capital believes ARC Group (ARCW) is the best positioned company to capitalize on and propagate the use of 3D Metal technology. The firm sees a very positive read through from the 3D Systems (DDD) earnings report including comments they expect its 3D Metals business to quadruple over the next two years which will be positive for ARC Group. Shares are Buy rated with a $35 price target.
News For ARCW;DDD From The Last 14 Days
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ARC Group price target raised to $30 from $23 at Brean Capital Brean Capital raised its price target on ARC Group to $30 from $23 to reflect its increasing confidence in its 2016 EBITDA thesis. The firm sees ARC Group as a way to invest in the use of advanced technologies impacting traditional fabrication of plastic and metal parts and keeps a Buy rating on the shares.