Brean Capital commented on 3D Systems Corporation DDD Friday ahead of its CES Tech Dinner.
Analyst Ananda Baruah noted that “DDD will be hosting for us a booth tour at CES, led by Director of Investor Relations, Stacey Witten on January 7,” which Baruah found to be an “intriguing complement.”
“We believe this year’s CES could be an important event for DDD, particularly given the recent concerns around the Consumer Solutions segment.”
Baruah believed “that DDD’s Consumer operational headwinds are likely behind us, and we look to CES for a fresh look at what’s in store for Consumer in ’15. Moreover, we note that DDD’s recent hiring of Peter Theran from Bose Corp, where he managed reseller, retail, and online businesses – which included product management, marketing, and sales operations.”
The firm maintained a Hold rating on 3D Systems Corporation which recently traded at $30.50, down 0.13 percent.
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