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Analysts’ new coverage for Friday, August 29th:

NBF began coverage on shares of Altagas (TSE:ALA). NBF issued an outperform rating and a C$55.00 price target on the stock.

Brean Capital assumed coverage on shares of ARC Group WorldWide (NASDAQ:ARCW). The firm issued a buy rating and a $30.00 price target on the stock. The analysts wrote, “We reiterate our Buy-rating and are raising our TP to $30 (from $23 TP), as ARCW’s instant online quoting initiative gives us greater confidence in our long-standing thesis of $55M in EBITDA for CY’16. Although the initiative is in its preliminary stages (currently in ‘beta’ phase for Plastics customers in 3DMT), we believe ARCW is well on its way to propagating this to its entire product portfolio (MIM, 3DMT, Stamping, etc..) – a la Protolabs'(PRLB, Not-Rated), online quoting system which has been a significant contributor to success of PRLB’s growth over the last few years. We continue to view ARCW as a quickly powerfully developing and differentiated way to invest in the use of advanced technologies impacting traditional fabrication of metal and plastic production parts in traditional manufacturing. Our $30 TP (58% appreciation) reflects a 10x EV/EBITDA – using our framework for CY’16 EBITDA of $55M (Figure 1). However, we believe ARCW could ultimately trade at a minimum of ~10x-11x EV/EBITDA, given that the stock is currently trading at ~15x Street ’15 EBITDA, while we believe Street EBITDA remains low.”

Barclays started coverage on shares of Athlon Energy (NASDAQ:ATHL). They issued an overweight rating and a $58.00 target price on the stock.

Sanlam Securities initiated coverage on shares of Creston plc (LON:CRE). They issued a buy rating and a GBX 150 ($2.48) target price on the stock.

Stephens began coverage on shares of Dana Holding (NYSE:DAN). They issued an equal weight rating and a $25.00 price target on the stock.

Stifel Nicolaus started coverage on shares of 3D Systems (NYSE:DDD). The firm issued a buy rating and a $65.00 target price on the stock.

William Blair started coverage on shares of Federated Nat (NASDAQ:FNHC). They issued an outperform rating on the stock.

FBR Capital Markets started coverage on shares of Liberty TripAdvisor Holdings, Inc. – Series A Common Stock When Issued (NASDAQ:LTRPA). They issued an outperform rating and a $43.00 target price on the stock.

Stifel Nicolaus assumed coverage on shares of Stratasys (NASDAQ:SSYS). They issued a buy rating and a $150.00 target price on the stock.

Stifel Nicolaus assumed coverage on shares of 3D Systems (NASDAQ:TDSC). The firm issued a buy rating and a $65.00 price target on the stock.

Stifel Nicolaus started coverage on shares of ExOne (NASDAQ:XONE). They issued a hold rating and a $29.00 price target on the stock.

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