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Stock Market & Financial Investment News

News Breaks
February 5, 2013
17:19 EDTDDD3D Systems announces three-for-two stock split
3D Systems Corporation announced that its board has declared a three-for-two split of the company's common stock in the nature of a 50% stock dividend. On February 22, each stockholder of record at the close of business on February 15 will receive one additional share for every two shares held on the record date. In lieu of fractional shares, shareholders will receive a cash payment based on the closing market price of DDD stock on the record date. Trading is expected to begin on a split-adjusted basis on February 25.
News For DDD From The Last 14 Days
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January 26, 2016
13:45 EDTDDDStratasys falls after JPMorgan cuts on rising competition, lack of catalysts
Shares of Stratasys (SSYS) are falling after JPMorgan downgraded the company to Neutral, saying the 3D printer maker's financials could be pressured as clients curb spending and new competitors enter the space. NO CATALYSTS: Stratasys could see shrinking revenue and earnings through mid-2016 as strong competitors flood the low-end of the market and corporate clients rethink spending on the new technology, JPMorgan analyst Paul Coster argued Tuesday. Capital outlays remain muted across energy, industrials and manufacturing firms while medical device trends have also shown recent weakness, said Coster, leading him to downgrade Stratasys shares to Neutral and cut his price target to $19 from $24 on a lack of any significant catalysts for the next six months. The analyst also trimmed his outlook for 2016 earnings per share to 22c, though he sees 2017 EPS at 95c, with the above-consensus view reflecting the potential for Stratasys to benefit from cyclical demand recovery and restructuring efforts. PRICE ACTION: Shares of Stratasys have slipped roughly 4.6% to $16 while competitors 3D Systems (DDD) and ExOne (XONE) are up 5.4% and 4.5%, respectively.
January 25, 2016
08:14 EDTDDDStratasys, 3D Systems price targets cut at Jefferies
Jefferies analyst Jason North says his firm's 3D printing reseller survey indicates demand stabilized in Q4 in the U.S. and Europe. To reflect Asia and currency moves, however, the analyst trimmed his 2016 estimates for both Stratasys (SSYS) and 3D Systems (DDD). North cut his price target for Stratasys to $30 from $37 and for 3D Systems to $7.50 from $11. He keeps a Buy rating on Stratasys and Hold rating on 3D.

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