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July 9, 2014
08:05 EDTXONEExOne stake by Novel Century a positive for shares, says FBR Capital
FBR Capital views the 15.4% stake in ExOne disclosed by Novel Century Ventures as a positive for the stock. The firm says ownership of Novel traces back to a person/entity in China, and it notes that China is one of the world's largest producers and consumers of metal forgings. ExOne management told FBR that Novel Century has not contacted the company. FBR thinks the investor, should it take a more active role, may be able to help ExOne expand and enter into strategic partnerships in China. The firm adds that should Novel launch an attempt to acquire ExOne, it could have potentially positive implications for the stock. FBR has an Outperform rating on ExOne with a $55 price target.
News For XONE From The Last 14 Days
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April 27, 2015
11:21 EDTXONEOpco defends 3D Systems, while UBS, Piper Jaffray say sell
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April 24, 2015
10:09 EDTXONEStreet Check: Analyst made right call on 3D Systems
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08:11 EDTXONE3D Systems drops after 'abrupt interruption' in demand causes Q1 weakness
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April 22, 2015
13:39 EDTXONEAnalyst warns competition growing in 3D printing space
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