Voxeljet price target lowered to $2.50 from $4 at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger lowered the firm’s price target on Voxeljet to $2.50 from $4 and keeps a Buy rating on the shares post the Q2 report. The company’s backlog is weighted towards larger printers that should improve the gross margin, the analyst tells investors in a research note. However, the firm cites Voxeljet’s cash burn for the target drop as it expects the company’s losses to persist.