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Fly News Breaks for January 13, 2017
PTC
Jan 13, 2017 | 07:23 EDT
Brean Capital analyst Yun Kim believes PTC is the best way to play the current secular trend around the Internet of Things, or IoT. Kim said the company continues to show solid progress and expects its core business to eventually show accelerated, incremental growth once IoT market adoption enters the mainstream. Kim reiterated his Buy rating and $62 price target on PTC shares.
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