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Voxeljet AG downgraded to Sell at Citi

Nov. 11, 2016 9:28 AM ET3D Systems Corporation (DDD) StockBy: Eric McCaffrey, SA News Editor2 Comments
  • Attributed to the insolvency of a major Voxeljet UK customer and worse-than-expected Q3 sales out of the company's German operation.
  • Analyst Kenneth Wong lowers price target from $5 to $3.50. Shares are to that target pre-market, lower by 15%.
  • Regarding other 3D names, particularly 3D Systems (NYSE:DDD) and Stratsys (SSYS), expects some potentially mild selling, though due to the specific nature of Voxeljet's issues, considers to be mostly isolated.

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