Piper Jaffray Reiterates Neutral on Stratasys, Slashes PT to $33

Piper Jaffray reiterated its Neutral rating on Stratasys SSYS. At the same time, the rating agency reduced its price target on the company's stock from $41 to $33. On Wednesday, SSYS had a disastrous day as its shares plummeted 25.97% to finish the day at $28.11. Its shares started to bounce back in today's pre-market trading, rising 1.25% to stand around $28.46.