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Fly News Breaks for January 18, 2018
PTC
Jan 18, 2018 | 08:07 EDT
Baird analyst Rob Oliver raised his price target on PTC to $75 from $68 following strong Q1 earnings. The analyst recently added the company to his top picks for 2018 list and he believes the company is on target to achieve its 2020 targets, citing its raised full-year guidance, its continued traction in IoT, and a small benefit from one-time buys ahead of end-of-life of perpetual licenses. Oliver reiterated his Outperform rating on PTC shares.
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