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Fly News Breaks for August 8, 2019
AZPN
Aug 8, 2019 | 08:52 EDT
KeyBanc analyst Jason Celino raised his price target for Aspen Technology to $141 from $124 after the company posted "strong" Q4 results, with annual spend growth accelerating to 10.6% year over year. Given its momentum, APM annual spend could be set up to double again in 2020, he contends. The analyst reiterates an Overweight rating on the shares.
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