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Fly News Breaks for April 21, 2016
ADSK, PTC
Apr 21, 2016 | 05:52 EDT
JPMorgan analyst Sterling Auty says shares of PTC (PTC) are "poised to make a run" following yesterday's Q2 results given the recent rally in Autodesk (ADSK) shares. PTC's faster than expected subscription transition led to lower than expected results, as the company appears to be a year ahead of the transition schedule, Auty tells investors in a research note. He keeps an Overweight rating on PTC with a $53 price target.
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