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Fly News Breaks for August 12, 2019
AZPN
Aug 12, 2019 | 07:14 EDT
After attending Aspen Technology's annual investor day, Benchmark analyst Mark Schappel said the event reinforced his thesis and Buy rating and gave him confidence to increase his price target on the shares to $152 from $133. At the event, the company highlighted the growing importance of AI in the sector, the recent acquisitions of Sabisu and Mnubo, and its product strategy, noted Schappel, who keeps a Buy rating on the stock.
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