Zacks Investment Research upgraded shares of Stratasys Ltd. (SSYS) from NEUTRAL to OUTPERFORM on December 27, 2013, with a target price of $156.00.
Stratasys' third-quarter results were encouraging as the company reported better-than-expected sales on the back of solid performances from its Product and Services segments. Moreover, upward revision of the revenue outlook is a positive sign. Although the company's current phase of investments is expected to impact margins in the short run, product launches and global expansion will help Stratasys in the long run to generate incremental sales. Moreover, the acquisition of MakerBot is expected to aid its 3D systems business growth and increase its installed base. Thus, we upgrade our recommendation on Stratasys from Neutral to Outperform and set a target price of $156.00.
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