Story updated at 10 a.m. to reflect market activity.
NEW YORK (TheStreet) -- UBS lowered its price target for 3D Systems (DDD) to $50 from $51 Monday, reiterating its "neutral" rating for the stock.
Shares of 3D Systems gaing 1.8% to $48.78 in morning trading.
The analyst firm also lowered its EPS estimates for the 3D printing company through 2016. The lower price target and estimates are a result of a fall in revenue and weak second quarter results according to UBS analysts.
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Separately, TheStreet Ratings team rates 3D SYSTEMS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate 3D SYSTEMS CORP (DDD) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
