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Fly News Breaks for September 19, 2017
ANSS
Sep 19, 2017 | 06:14 EDT
JPMorgan analyst Sterling Auty lowered his price target for Ansys to $98 to reflect the increased investment and a lower operating margin outlook following last week's analyst day. The analyst says his work across software suggests shareholder value tends to be pressured in at least the first 12 months of margin compression cycles. He keeps an Underweight rating on Ansys shares.