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Fly News Breaks for July 19, 2018
PTC
Jul 19, 2018 | 05:12 EDT
JPMorgan analyst Sterling Auty believes PTC's "noisy" Q3 results are likely to be met with some selling pressure. There were a couple moving parts, including a lower subscription mix, that are likely to weigh on shares near-term, Auty tells investors in a post-earnings research note. He believes, however, that the company's overall demand "still appears solid across the product lines." The analyst raised his price target for PTC shares to $109 from $101 and keeps a Neutral rating on the name.
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