Monday, September 23, 2013

3D Printing: Bank of America Initiates Coverage on Stratasys. Is Arcam a Buyout Target? (SSYS; AMAVF)

The stock is trading at $96.82 down $2.67.
There is some talk that Stratasys would be interested in acquiring Sweden's Arcam having just raised another $463 million.
Upon announcement of both the Objet and Makerbot acquisitions the stock of the acquirer, Stratasys, popped.

From Benzinga:
In a report published Monday, Bank of America analyst Wamsi Mohan initiated coverage on Stratasys Ltd. (NASDAQ: SSYS with a Buy rating and $116.00 price target.

In the report, Bank of America noted, “We are initiating coverage on Stratasys with a Buy rating and price objective of $116. In our opinion, the 3D printing space has a rapidly growing TAM (22% CAGE through 2017) and Stratasys (58% unit share) with its acquisitions of Objet and Makerbot uniquely addresses a broad spectrum of end markets at all price points. The market remains an early stage opportunity with significant growth, in our view.”...
See also yesterday's "Credit Suisse Initiates On 3D Printer Co's: '3D printing will change the world"'.
Other recent analyst actions:
 JPMorgan Chase & Co. raised their price target on shares of Stratasys (NASDAQ:SSYS) from $95.00 to $101.50 in a research note to investors on Monday, September 16th. They now have a “neutral” rating on the stock.
Brean Capital reiterated a “buy” rating on shares of Stratasys (NASDAQ:SSYS) in a research note to investors on Wednesday, September 4th.