- Citing valuation and a belief earnings will bottom later this year, Oppenheimer has upgraded beaten-down Stratasys (NASDAQ:SSYS) to Outperform, and set a $50 target. Rival 3D Systems (NYSE:DDD) has been cut to Perform, but is higher anyway.
- Stratasys, which remains down 55% YTD following multiple warnings, could be benefiting from short-covering: 10.7M shares (22% of the float) were shorted as of April 30, a 52-week high.
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Last week: Stratasys rises following Q1 report; new $194M MakerBot charge taken