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To: The Ox who wrote (4028)	1/27/2015 12:46:31 PM
From: The Ox	Respond to of 8288

Arguing growing competition will pressure margins long-term, Jefferies has downgraded 3D Systems (NYSE: DDD) to Hold, and cut its target by $12 to $30. Jefferies also reports its survey "indicated 3D Systems' reseller relationships are weaker and fourth quarter results are less likely to be a positive catalyst." 3D is less than $1.50 away from its 52-week low of $27.46. William Blair warned of growing high-end competition two weeks ago, and CES shined a spotlight on new consumer/enthusiast offerings from upstarts. 3D, of course, isn't standing idly either. Q4 results are due on Feb. 26. My question when I see reports like this, is, where have they been? Why downgrade now? The stock has been falling for 12 months!! Now, it's time to downgrade. Great call!