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Analyst Update: 3D Systems, bluebird bio, Barrick Gold

Analysts adjusted their ratings and price targets on 3D Systems Corporation (NYSE:DDD), bluebird bio Inc (NASDAQ:BLUE), and Barrick Gold Corporation (USA) (NYSE:ABX)

Jan 15, 2016 at 2:09 PM
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Analysts are weighing in today on 3-D printing company 3D Systems Corporation (NYSE:DDD), biotech stock bluebird bio Inc (NASDAQ:BLUE), and gold miner Barrick Gold Corporation (USA) (NYSE:ABX). Here's a quick roundup of today's brokerage notes on DDD, BLUE, and ABX.

  • DDD is down 10% at a five-year low of $6.69, after Canaccord Genuity last night trimmed its price target by $1 to $9, following the lead of most of Wall Street. Specifically, 14 of 17 brokerage firms with coverage on the stock say it's a "hold" or worse. What's more, short interest is also elevated, representing almost 32% of the stock's float. This bearish sentiment makes sense, since 3D Systems Corporation has dropped nearly 77% of its value on a year-over-year basis. 

  • BLUE has tumbled 5.4% to $44.03 following a Jefferies price-target cut to $84 from $96, even though that downwardly revised target still implies expected upside of more than 80% from Thursday's close. The stock is currently trading around annual-low territory, and there's still plenty of opportunity for bluebird bio Inc to keep sliding if more analysts abandon the bullish camp. Despite BLUE's 78% plunge from its May high, the stock sports about 79% "buy" ratings from analysts.

  • As traders flock to safe-haven assets amid today's sell-off, ABX is one of the few equities moving higher. The stock was last seen up 4.9% at $7.95, and has outpaced the S&P 500 Index (SPX) by nearly 16 percentage points in the past two months. Today's gains come in spite of a price-target reduction to $12.50 from $17.50 at T.D. Securities. Looking back, calls have been exchanged at a rapid-fire pace. For instance, almost 14 Barrick Gold Corporation calls have been bought to open for every put over the past 10 weeks at the ISE, CBOE, and PHLX. 
For other stocks in analysts' crosshairs, read Analyst Upgrades: Electronic Arts Inc., JPMorgan Chase & Co., and Progress Software Corporation and Analyst Downgrades: GoPro Inc, Analog Devices, Inc., and Intel Corporation.
 

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