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Fly News Breaks for August 7, 2018
ANSS
Aug 7, 2018 | 15:49 EDT
Berenberg analyst Gal Munda reiterated a Buy rating on Ansys and raised his price target on shares to $200 from $190, citing a "strong" Q2 report that showed a better-than-expected first half, raised second half guidance, and stronger operating leverage. Munda believe that Ansys is "just starting to see the benefits of both direct and indirect sales channel reorganization which should improve the organic top line growth rate in the mid run to low teens."
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