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Fly News Breaks for June 11, 2018
ROK, PTC
Jun 11, 2018 | 08:45 EDT
JPMorgan analyst Sterling Auty views Rockwell Automation's (ROK) investment as a strategic positive for PTC (PTC) saying it will "help open the doors into thousands of companies" that traditionally have not used PTC for its core computer aided design capabilities. Auty finds it interesting that Rockwell did not simply acquire the entire company rather than settling for a minority investment in PTC. The analyst keeps a Neutral rating on shares of PTC.
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