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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond3/4/2014 10:18:05 AM
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04-Mar-14 08:27 ET In Play Stratasys: Color on yesterday morning's earnings (12.99 ) : RBC Capital Mkts lowers their SSYS tgt to $155 from $175 SSYS capped off 2013 on a high note and provided a framework for 2014 consistent with its preannouncement. While March qtr should represent the low point in 2014, they see systematic improvement throughout 2014 on channel expansion initiatives and product rollouts that should solidify the firm's top market share position in the rapidly expanding 3D market.

Pacific Crest notes SSYS can cement itself as one of the market leaders during the next phase of industry growth if it can improve operational synergies and fend off competitors; opportunistic buyers below $110.

Needham notes SSYS posted a solid Q4, highlighted by 36% organic growth, healthy margins and strong momentum at the MakerBot desktop 3D printer business. Units rose an impressive 85% QoQ, reflecting continued robust growth at MakerBot, which ended 2013 at annual run-rate of $100M. Mgmt reaffirmed its 2014 guidance for rev growth of 36-40%, although due to the timing of the launch of new products at MakerBot the year will be more back-end loaded; Buy.

04-Mar-14 06:55 ET In Play Stratasys tgt raised to $154 from $131 at Piper Jaffray (123.99 )
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