CIMT Cimatron initiated with a Buy at Chardan Capital Markets; tgt $10
03-Oct-13 08:01 ET
Cimatron initiated with a Buy at Chardan Capital Markets; tgt $10; positioning itself for upcoming ramp in 3D printing
Chardan initiates CIMT with a Buy and tgt of $10. In its view, CIMT's planned foray in the 3D Printing business could well turn out to be a game-changer for the company (if well executed), driving massive TAM expansion. Acceleration in demand for 3D Printing is expected to be driven by lower cost of 3D Printers, refinement in technology for its use in custom manufacturing and its increasing adoption by individuals. CIMT, by leveraging its deep expertise and experience in the CAD/CAM software, is well positioned to tap growth opportunities in the burgeoning 3D Printing market, in firm's view.