Why 3D Systems (DDD) Is Up Today

NEW YORK (TheStreet) -- 3D Systems (DDD) rose Wednesday following the announcement of a new 3D food printer and a boosted price target from Brean Capital.

Shares of 3D Systems were gaining 3.2% to $95.86 after Brean Capital raised its 12-month price target for the 3D printing company to $102 from $86, The maintaining a "buy" rating.

At the Consumer Electronics Show in Las Vegas this week, 3D systems announced a new line of 3D food printers called the ChefJet. The new printers can print 3D sugar sculptures using the same technology as traditional 3D printers. 3D Systems will create two versions of the ChefJet: a consumer model that can only print one color at a time, and the more expensive ChefJet Pro 3D which can print multicolored 3D sugar sculptures.

TheStreet Ratings team rates 3D SYSTEMS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate 3D SYSTEMS CORP (DDD) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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