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3D Systems (DDD) Stock Price Target Lowered at JPMorgan

NEW YORK (TheStreet) -- JPMorgan lowered its price target on 3D Systems (DDD - Get Report) stock to $17 from $19 on Monday.

The Rock Hill, SC-based holding company, known for its three-dimensional printing products, could face an industry slowdown, JPMorgan said.

JPMorgan analysts have projected that 3D Systems will report 2015 third quarter earnings of 8 cents per share on revenue of $178 million on Nov. 4, compared to the Street's estimates of earnings of 8 cents per share on $184 million in revenue.

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Visibility remains low for the company, JPMorgan said, adding that an industry peer, Stratasys (SSYS), has negatively preannounced and cited soft end-market demand.

"We expect commentary to center on improving efficiency, cutting costs, rationalizing the product line-up, and driving organic growth as industry headwinds persist," the firm said. "We are trimming our printer volumes, pricing, and utilization rates accordingly."

Shares of 3D Systems were down 1.07% to $11.09 in mid-afternoon trading on Monday.

Separately, TheStreet Ratings team rates 3D...


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