Lake Street lowered the firm’s price target on Stratasys to $17 from $20 and keeps a Buy rating on the shares. The firm believes Stratasys will report its Q3 earnings next week prior to attending Formnext in Germany, notes the analyst, who thinks demand for large AM platforms was weaker than expected in the quarter and estimates could prove to be “optimistic” based on its survey feedback for Q3 and read-through from recent peer reports.
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