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Stock Market & Financial Investment News

News Breaks
March 24, 2014
11:50 EDTDDD, SSYSStratasys bucks tech downtrend following JPMorgan upgrade
Shares of 3D printer maker Stratasys (SSYS) are rising slightly on a down day for tech stocks after JPMorgan upgraded the stock in a note to investors earlier today. WHAT'S NEW: The growth opportunities for both Stratasys and the 3D printing market "remain compelling," JPMorgan analyst Paul Coster wrote. Stratasys has the best outlook among 3D printer makers, according to Coster, who recommended buying the stock following its 21% retreat this year. The stock is attractive either for a short-term trade or a longer term investment, added the analyst. Coster believes that investors seem to be worried about the entrance of new players into the space, but he predicted that any emerging competitors would probably stick to niche areas within the sector. The analyst upgraded the stock to Overweight from Neutral and kept a $125 price target on the shares. Meanwhile, Coster said investors should avoid 3D Systems (DDD), whose valuation looks rich. The analyst kept a Neutral rating on shares of 3D Systems. PRICE ACTION: In late morning trading, Stratasys added 0.5% to $107, while 3D systems fell 0.9% to $56.25.
News For SSYS;DDD From The Last 14 Days
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February 2, 2016
10:53 EDTSSYSStratasys, MakerBot announce sales partnership program
MakerBot and Stratasys announced a sales partnership program that allows both companies to extend the cross-selling of their products and opens the door for sales partners to offer MakerBot and Stratasys 3D Printers. MakerBot is also launching a training program to familiarize Stratasys resellers and distributors with MakerBot products so they are better positioned to consult customers on the full product portfolio.

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