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Stratasys up 5.6% on Oppenheimer upgrade

May 21, 2015 9:50 AM ETStratasys Ltd. (SSYS) StockDDD, SSYSBy: Eric Jhonsa, SA News Editor1 Comment
  • 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.
  • Last week: Stratasys rises following Q1 report; new $194M MakerBot charge taken

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