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Fly News Breaks for October 26, 2018
PTC
Oct 26, 2018 | 06:16 EDT
Berenberg analyst Gal Munda sees an attractive risk profile for PTC and recommends buying the shares following Wednesday's Q4 results. PTC's underlying business continues to grow above historical averages, while being valued at around a 20% discount to the sector, Munda tells investors in a post-earnings research note. Further, he believes that PTC is better prepared to withstand a macro slowdown. The analyst keeps a Buy rating on the shares with a $115 price target.
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