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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:24 EDTDDD, SSYS, VJET, XONECiti skeptical about 3D Systems takeover speculation
3D printer maker 3D Systems (DDD) surged yesterday following Bloomberg reporting that the company had canceled a tentative appearance at a conference, leading to speculation that it could be a takeover target, but Citigroup said today that the company probably wouldn't be acquired. Other 3D printer makers also rallied in the wake of the Bloomberg report. BACKGROUND: 3D Systems yesterday canceled a tentative appearance at an August conference sponsored by research firm Pacific Crest, Bloomberg reported. The company reportedly elected not to appear at the conference due to scheduling conflicts that its management had. WHAT'S NEW: In light of its $7B market cap, 3D Systems is not a realistic takeover target, Citi analyst Kenneth Wong wrote in a note to investors earlier today. Other factors also contributed to the stock's rally yesterday, the analyst stated. 3D Systems' announcement of a date for its second quarter earnings report yesterday likely eliminated any risk of a negative pre-announcement by the company, Wong wrote. The stock was likely also boosted by positive news about 3D bio-printing, the analyst stated. Bio-printing is several years away and the sector's rally was "a bit too extreme," even though positive sentiment about the removal of risk from 3D Systems' results is understandable, Wong believes. He kept a Neutral rating on 3D Systems. WHAT'S NOTABLE: Both Wong and JPMorgan analyst Paul Coster were more upbeat today about another major company in the sector, Stratasys (SSYS). Coster raised his price target on the name to $138 from $104. He believes that 3D Systems is trading at a significant premium to Stratasys and he kept an Overweight rating on Stratasys and a Neutral rating on 3D Systems. Similarly, Wong wrote that the rally in Stratasys' stock last month was steadier and more sustainable than the surge experienced by 3D Systems. He identified Stratasys as his top pick in the sector and kept a Buy rating on the shares. PRICE ACTION: In early trading, 3D Systems lost 2% to $62.18, while Stratasys rose 0.4% to $116.66. Other companies in the sector fell like 3D Systems, with Voxeljet (VJET) falling 4% to $24.87 and ExOne (XONE) dropping 3% to $43.59.
News For DDD;SSYS;VJET;XONE From The Last 14 Days
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October 23, 2014
10:01 EDTDDDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Brean Capital... Angie's List (ANGI) downgraded to Hold from Buy at Needham... Avalon Rare Metals (AVL) downgraded to Neutral from Buy at Citigroup... Axiall (AXLL) downgraded at Cowen... BB&T (BBT) downgraded to Neutral from Buy at Goldman... Boeing (BA) downgraded at Credit Suisse... Boulder Brands (BDBD) downgraded to Hold from Buy at Canaccord... Citrix (CTXS) downgraded to Hold from Buy at Drexel Hamilton... ClickSoftware (CKSW) downgraded to Hold from Buy at Lake Street... DTS, Inc. (DTSI) downgraded to Underweight from Neutral at JPMorgan... GulfMark Offshore (GLF) downgraded to Market Perform from Outperform at Cowen... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Compass Point... ICON plc (ICLR) downgraded to Equal Weight from Overweight at First Analysis... IPC The Hospitalist Co. (IPCM) downgraded to Market Perform at Wells Fargo... Melco Crown (MPEL) downgraded to Neutral from Buy at Nomura... Mercer (MERC) downgraded at Credit Suisse... ONEOK Partners (OKS) downgraded to Neutral from Buy at BofA/Merrill... Owens Corning (OC) downgraded to Neutral from Overweight at JPMorgan... Regency Energy Partners (RGP) downgraded to Neutral from Buy at BofA/Merrill... The Medicines Co. (MDCO) downgraded to Neutral from Buy at BofA/Merrill... Tupperware Brands (TUP) downgraded to Neutral from Overweight at JPMorgan... Union Bankshares (UBSH) downgraded at RW Baird... VOC Energy Trust (VOC) downgraded at RBC Capital... Yelp (YELP) downgraded to Hold from Buy at Stifel.
07:59 EDTDDD3D Systems miss caused by timing issues, says Oppenheimer
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07:52 EDTDDD, SSYSStratasys positioned for good Q3, solid Q4, says Jefferies
Jefferies says its reseller survey indicates Stratasys (SSYS) had a good Q3 and is set for a solid Q4, in contrast to peer 3D Systems (DDD). The firm notes it survey suggests Stratasys is discounting more than 3D, which it attributes to the company reinvesting currency benefits. Jefferies says Stratasys remains its top pick. It has a Buy rating on the stock with a $155 price target.
06:12 EDTDDD3D Systems price target lowered to $37 from $50 at Piper Jaffray
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05:35 EDTDDD3D Systems downgraded to Hold from Buy at Brean Capital
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October 22, 2014
12:50 EDTDDD3D Systems downgraded to Hold from Buy at Deutsche Bank
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12:09 EDTDDDOn The Fly: Midday Wrap
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10:09 EDTSSYS, XONE, DDDOn The Fly: Analyst Initiation Summary
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09:55 EDTDDD3D Systems tumbles after results, levels to watch
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09:21 EDTDDDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
07:35 EDTDDD3D Systems down 10.7% after reporting preliminary Q3 results, FY14 guidance
07:34 EDTDDD3D Systems sees FY14 EPS 70c-80c, consensus 78c
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07:33 EDTDDD3D Systems reports preliminary Q3 EPS 16c-19c, consensus 21c
Reports Q3 revenue $164M-$169M, consensus $186M. CEO Avi Reichental stated, "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter. While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated. Now that we have closed these availability gaps, we expect our revenue growth rate to increase"
October 21, 2014
16:18 EDTDDD3D Systems initiated with an Outperform at Oppenheimer
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16:18 EDTXONEExOne initiated with an Outperform at Oppenheimer
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16:17 EDTSSYSStratasys initiated with a Perform at Oppenheimer
October 16, 2014
09:31 EDTDDD3D Systems downgraded to Equal Weight from Overweight at Stephens
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09:30 EDTSSYSStratasys upgraded to Overweight from Equal Weight at Stephens
October 15, 2014
07:32 EDTSSYS, DDDUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.

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