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Fly News Breaks for March 28, 2017
PTC
Mar 28, 2017 | 08:28 EDT
KeyBanc says that the recent 8% drop in PTC following negative reports on the name has created a buying opportunity. The firm thinks that various aspects of the reports, including assertions that metrics used by the company are "arbitrary" - are inaccurate. The firm adds that the company's industrial IoT business is "the real deal." It thinks the stock can reach $62 in the near-term and jump 80%-90% over the next two to three years.
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