Sections of DDD 3D Systems Corp.,
trading fell 11% on Friday afternoon, after JP Morgan analyst Paul Coster turned bearish on the 3D printing company, citing a risk-averse “against reward” image at current prices. The stock has skyrocketed more than fourfold (up 329.7%) over the past three months, to close Thursday at its highest price since April 2015, while the S&P 500 SPX,
has gained 8.5%. Coster cut its rating to be too light from neutral, but raised its price target to $ 18, which is 37% lower than normal levels, from $ 14. He said a strong reversal in the economy will drive up activity levels there. the 3D printing, especially in the automotive and aerospace markets, and in the elective surgery and dental markets once the pandemic is over, but he said the scene appears to be that is already crushed into the stock. He also explained the 3D printer associate Stratasys Ltd. SSYS,
to be too light from neutral, and the stock fell 2.4% after closing on Thursday at its highest price since July 2015.