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Fly News Breaks for June 18, 2018
PTC
Jun 18, 2018 | 14:45 EDT
JPMorgan analyst Sterling Auty raised his price target for PTC to $101 from $79 after the annual user conference and associated investor event highlighted the success the company has had in its subscription transition and innovation in both IoT and traditional technologies. The analyst believes long-term targets are going higher with tailwinds for potential upside. He reiterates a Neutral rating on the shares.
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