DM - 3D Systems Stratasys slump after cut to underweight at JPMorgan on valuation

3D printer companies 3D Systems (DDD) and Stratasys (SSYS) cut to to underweight from from neutral a JPMorgan due to valuation. DDD down 8.2% in premarket trading, SSYS fell 5.1%.DDD gained 200% YTD and SSYS is up 36% in same period and although the stocks don't look expensive relative to recent IPO of Desktop Metal (DM), the risk/reward "tilts unfavorable here," according to JPMorgan analyst Paul Coster.Still don't believe that 3D printing/additive manufacturing has "suddenly hit an inflection point" and expects demand to improve in post-pandemic recovery; raises DDD PT to $18 from $14 and SSYS to $23 from $18.Recall las week 3D Systems gained nearly 30% after strong preliminary Q4 numbers.

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3D Systems, Stratasys slump after cut to underweight at JPMorgan on valuation