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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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September 30, 2015
09:47 EDTSSYSStratasys management to meet with Oppenheimer
Group luncheon to be held in New York on October 6 hosted by Oppenheimer.
September 24, 2015
09:36 EDTSSYSGabelli continues to believe Stratasys is a strategic fit for Hewlett-Packard
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September 22, 2015
10:01 EDTSSYSHP acquisition of Stratasys would make sense, says Jefferies
Jefferies noted that HP (HPQ) management, during the company's recent analyst meeting, said they were looking to partner with or acquire a 3D printing company. Analyst Jason North believes a larger acquisition is most attractive, as it would speed HP's time to the market by 1-2 years as the company acquires a sales channel. North said Stratasys (SSYS) makes the most sense given its strong reseller network, FDM jetting, stereolithography and direct metal laser sintering potential, and other technologies. The firm rates Stratasys a Buy with a $44 price target on shares.

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