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Fly News Breaks for April 18, 2018
PTC
Apr 18, 2018 | 20:54 EDT
MUFG analyst Stephen Bersey raised his price target on PTC to $67 after the company's Q1 earnings beat that showed "continued strength in its core business". Bersey adds that PTC appears to be near completion in its subscription model shift , anticipating mid-single digit revenue growth going forward. The analyst keeps his Neutral rating on PTC longer term on concerns around the growth potential of its non-core business units.
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