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Fly News Breaks for January 18, 2018
PTC
Jan 18, 2018 | 09:46 EDT
RBC Capital analyst Matt Hedberg raised his price on PTC to $80 and kept his Outperform rating after a Q1 earnings beat. Hedberg notes a turning point in subscription revenue in Americas and Western Europe end-of-life products, while bookings in the Internet of Things segment grow at a higher rate. The analyst warns however that the outlook for Japan remains cautious.
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