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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond4/1/2014 1:24:52 PM
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01-Apr-14 12:01 ET In Play Stratasys initiation details -- with a Buy at UBS; tgt $125 (109.80 +3.71) : UBS initiated SSYS with a Buy and price target of $125. Firm believes 3D printing is a disruptive innovation with a bright future and currently view SSYS as the preferred stock to gain exposure. SSYS has been less volatile than DDD due to better execution, a narrower focus, and immediate upside potential from MakerBot. Firm thinks planned capacity expansion in Objet printers could add material leverage in 2015.

01-Apr-14 11:58 ET In Play 3D Systems initiation details -- Neutral at UBS; tgt $62 (59.26 +0.11) : UBS initiated DDD with a Neutral and price target of $62. Firm believes 3D printing is a disruptive innovation with a bright future. However, firm suggests a selective approach nearer term following the recent pullback from the peak of the hype cycle. In particular, competition should increase with HP entering the market this year, and earnings growth should be stronger in 2015 than 2014 as vendors invest for the future.
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