NEW YORK (TheStreet) -- Shares of 3D Systems Corp (DDD) are declining, lower by 1.72% to $35.42 in early market trading Thursday, after the company had its price target lowered to $42 from $46 with a "buy" rating by analysts at Jefferies this morning.
Analysts at the firm cited the growing number of new 3D printing players in the field including HP (HPQ) , Autodesk (ADSK) , XYZprinting, IPG Photonics (IPGP) , Canon (CAJ) , Epson (SEKEY) , and Ricoh (RICOY) .
Jefferies analysts believe 3D Systems will likely lower its prices amid new competition.
Must Read: Warren Buffett's 25 Favorite Stocks
The firm said it sees 3D Systems as the most exposed to new entrants, but sees little overall impact for the next two years.
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: