Imperial Capital Maintains On 3D Systems Amid A Slew Of Downgrades

Following Thursday's earnings miss, a host of firm's have downgraded 3D Systems (NYSE: DDD).

Imperial Capital, however, has left the herd and maintained an Outperform rating and $60 price target.

In accordance with the company's guidance, Imperial has raised its third quarter revenue estimate from $179 million to $185 million, but slightly reduced its non-GAAP EPS estimate from $0.23 to $0.22.

Imperial Capital's Ashok Kumar commented, "3D Systems remains a dominant participant in the evolving additive manufacturing segment and remains well positioned to monetize the opportunities in metal printing and healthcare."

3D System's shares have fallen another two percent in Friday's pre-market after dropping over 13 percent initially on the earning's miss.