Zacks Investment Research downgraded shares of Stratasys Ltd. (SSYS) from OUTPERFORM to NEUTRAL on March 24, 2014, with a target price of $112.00.
We downgrade our recommendation on Stratasys to Neutral due to the company's expectation of higher operating expenses in 2014. Stratasys has a high-cost business model and growth opportunities are spurring further increases in selling and R&D investments. While this will impact near-term performance, the rapid adoption of Stratasys' solutions and global expansion will generate incremental sales over the long term. Moreover, Stratasys reported encouraging fourth-quarter results with better-than-expected sales on the back of solid performances from Product and Services segments. Additionally, the company provided a favorable guidance.
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