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Fly News Breaks for November 9, 2016
PTC
Nov 9, 2016 | 08:29 EDT
Brean Capital analyst Yun Kim raised his price target on PTC to $62 from $55 after the company increased its long-term targets, adding that he sees the company's guidance as conservative. The analyst noted steady subscription growth and expectations for growth in its core business. Kim said the mainstream market adoption of Internet-of Things solutions should propel its growth and be the next big catalyst for the shares. Kim reiterated his Buy rating on PTC shares.
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