3D Systems price target lowered to $2 from $4.50 at Loop Capital

Loop Capital lowered the firm’s price target on 3D Systems to $2 from $4.50 and keeps a Hold rating on the shares after its Q2 earnings miss. Macro remains the key theme as customers remain cautious around capex spend, but the firm also sees some positive signs for the company consistent with the direction of inflation and interest rates, noting its pockets of demand and an improved outlook of mid-single digit revenue growth, the analyst tells investors in a research note.