Desktop Metal initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Desktop Metal with an Overweight rating and $1.25 price target. The analyst says Desktop has an attractive collection of assets with the EnvisionTEC and ExOne acquisitions providing exposure to polymers and sand-casting applications. The company offers a wide range of hardware, software, and proprietary materials in both the metal and polymer verticals, and the stock has limited downside from current valuations, the analyst tells investors in a research note.