VJET - Stratasys upgraded at JPMorgan after pullback eases valuation concerns

Last month, JPMorgan lifted its Stratasys (SSYS) price target due to the faster than expected recovery and signs of increased R&D activity in the industrial sector. But the firm stayed at an Underweight rating, citing valuation concerns. The recent tech rout eased those concerns, prompting JPMorgan to upgrade Stratasys from Underweight to Neutral. The price target goes up another dollar to $29.Stratasys shares are currently up 3% to $25.17, which still leaves shares down 24% in the past week.3D printing peers on the move: 3D Systems ([[DDD]] +1.7%), Proto Labs ([[PRLB]] +2.3%), Voxeljet ([[VJET]] +1.0%), and Desktop Metal ([[DM]] +4.8%).Yesterday, Stratasys unveiled a new 3D printer for dental abs.

For further details see:

Stratasys upgraded at JPMorgan after pullback eases valuation concerns