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Fly News Breaks for January 19, 2017
PTC
Jan 19, 2017 | 07:50 EDT
Brean Capital analyst Yun Kim believes PTC is the best way to play the secular trend in Internet of Things, or IoT, He noted the company showed strong bookings during Q1 with growth of 90%. He is comfortable with the company's model and guidance and expects the core business to show acceleration. Kim reiterated his Buy rating and $62 price target on PTC shares.
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