3D Systems downgraded to Hold from Buy at Berenberg - InvestingChannel

3D Systems downgraded to Hold from Buy at Berenberg

Berenberg analyst Kenneth Vallace downgraded 3D Systems to Hold from Buy with a price target of $30, up from $9. The risk/reward is less favorable following the stock’s recent rally, Vallace tells investors in a research note. At current levels, 3D Systems shares are mostly pricing in the company’s “strong” long-term growth prospects in healthcare as well as its transition to higher-margin end-to-end manufacturing solutions, says the analyst.