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Fly News Breaks for June 6, 2016
PTC
Jun 6, 2016 | 07:46 EDT
RBC Capital says it expects PTC to launch new products at its June 6-9 LiveWorx event. The firm expects the new products to focus on the integration/cross-selling of the Internet of Things with the company's core solutions. RBC predicts that PTC will also focus on the benefits of converting to subscription pricing ,and the firm says that the trend of maintenance customers converting to subscription could accelerate and boost the company's full-year results. It keeps a $44 price target and Outperform rating on the shares.
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