xOne (XONE) Takeout Viewed as Unlikely Near-Term; Shares Plunge
The ExOne Company declined for the second day on Tuesday. The decent follows comments from analyst Holden Lewis of BB&T. Yesterday Holden downgraded the stock from Buy to Hold. In his view, share were driven higher due to takeout speculation, and he isn't convinced it will happen near term.
Holden thinks the stock is well positioned in the 3D-printing, but investors need a better entry point.