Stratasys price target raised to $13.50 from $13 at Cantor Fitzgerald

Cantor Fitzgerald analyst Troy Jensen raised the firm’s price target on Stratasys (SSYS) to $13.50 from $13 and keeps an Overweight rating on the shares. Stratasys posted results that were largely in-line with expectations as the topline continues to reflect macro-driven capital equipment spending constraint, while tariffs placed downward pressure on gross margins, the analyst tells investors in a research note.