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PTC Has Upside With The Internet Of Things Says Citi
Monday, August 1, 2016 - 7:47am | 313PTC Inc’s (NASDAQ: PTC) mix of software solutions could boost revenue and profitability while the company undergoes a transition, Citi’s Kenneth Wong said in a report. He initiated coverage of the company with a Buy rating and a price target of $48. PTC is a leading provider of CAD...
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Shopify Neutral At Citi, Sees Multiples Stretched
Monday, August 1, 2016 - 7:29am | 322Shopify Inc’s (NYSE: SHOP) shares are currently trading at a premium valuation to peers and already reflect the company’s “hyper-growth profile,” Citi’s Kenneth Wong said in a report. He initiated coverage of the company with a Neutral rating and a price target of $...
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Deutsche Bank Sees 3D Systems' Turnaround Still In Early Stages
Friday, May 6, 2016 - 2:20pm | 279Deutsche Bank remains on the sidelines on 3D Systems Corporation (NYSE: DDD), as it awaits "better clarity on a return to consistent organic growth and profitability." Citing that the company's turnaround plan is in its early stages, analyst Sherri Scribner noted that key for 3D Systems going...
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3D Systems: Citi Says To Expect More Pain Before Any Gains
Friday, May 6, 2016 - 7:46am | 2723D Systems Corporation (NYSE: DDD) reported its 1Q16 revenue short of expectations. Citi’s Kenneth Wong maintained a Sell rating for the company, while reducing the price target from $15 to $12. The analyst commented that 3D Systems’ fundamentals continued to be soft, and could get...
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Citi Previews 3D Printing Q1 Earnings: 'Sentiment Tracking Ahead Of Fundamentals'
Tuesday, May 3, 2016 - 2:23pm | 287Kenneth Wong of Citi offered preview for the 3D printing sector. Wong noted that the valuation across his coverage of 3D printing stocks has risen 40 percent year-to-date and nearly doubled since "troughing" in mid-February. "We believe the upside scenarios from demand snapback, operational...
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Citi Downgrades Stratasys To Neutral, 3D Systems To Sell
Friday, April 15, 2016 - 7:32am | 407Shares of 3D Systems Corporation (NYSE: DDD) have surged 110 percent YTD, while Stratasys, Ltd. (NASDAQ: SSYS) shares have climbed 22 percent. Citi’s Kenneth Wong downgraded the ratings for both companies, citing valuation. 3D Systems Analyst Kenneth Wong downgraded the rating for the...
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3D Systems Down 12%; What Does The Street Think Now?
Tuesday, March 15, 2016 - 10:32am | 539Shares of 3D Systems Corporation (NYSE: DDD) fell as much as 4 percent in Tuesday's pre-market hours after JPMorgan downgraded the stock to Underweight despite better-than-expected quarterly results pushing the stock up 25 percent on Monday. JPMorgan: Downgrade To Underweight, PT Raised To...
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Macau Investors: Look At The Forest, Not The Trees
Wednesday, February 17, 2016 - 4:09pm | 309Credit Suisse analyst Kenneth Wong warned Macau casino operator investors not to let the Chinese economic weakness blind them to recent data showing improvement in the Macau gaming business. According to Wong, there are several trends now indicating that a Macau turnaround has already begun....
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3D Printer Earnings: Are We At A Floor?
Tuesday, February 16, 2016 - 11:40am | 5533D Systems Corporation (NYSE: DDD) shares have dipped 3 percent since January 4, while Stratasys, Ltd. (NASDAQ: SSYS) shares have plunged 34 percent and Voxeljet AG (ADR) (NYSE: VJET) shares are up 7 percent. Citi’s Kenneth Wong maintained a Neutral rating for 3D Systems, a Buy rating...
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Calls Of Note: The Research Moving Stocks Today
Thursday, August 6, 2015 - 12:03pm | 907The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." FBR: Upgrading Sprint David Dixon of FBR & Co. upgraded shares of Sprint Corp (NYSE: S) to Outperform from Market Perform with...
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Citi Initiates Coverage On VMware
Monday, January 12, 2015 - 2:21pm | 200Citi initiated coverage Monday on VMware, Inc. (NYSE: VMW) with a Buy raing and $104 price target Analysts Walter H. Pritchard and Kenneth Wong expected “VMW will put up strong Q4 into modest expectations and while FY15 guidance will likely come down from 'mid-teens', we expect...