Shares of 3D Systems (DDD) - Get Report were higher by 2% to $13.65 on Friday morning, following a rating upgrade to "neutral" from "underweight" at JPMorgan.

The firm says the company is continuing to lose market share to new entrants in the space, but it does see 3D Systems' valuation as more fair. JPMoragn feels the stock will outperform other companies in the industry that it covers.

The firm maintains its price target of $13 on the 3D printing company's stock.

3D Systems stock declined on Thursday after the company posted second quarter earnings results that fell short of analysts' expectations.

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