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PTC

PTC

$88.02

-0.43 (-0.49%)

06:24
07/22/19
07/22
06:24
07/22/19
06:24

PTC initiated with a Neutral at Citi

Citi analyst Tyler Radke started PTC with a Neutral rating and $100 price target. The analyst has a "more cautious" view on the shares given the company's recent execution "challenges." Further, PTC's growth is dependent on emerging Internet of Things business, which carries risk of high expectations, Radke tells investors in a research note.

  • 24

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  • 30

    Jul

PTC PTC
$88.02

-0.43 (-0.49%)

04/25/19
BOFA
04/25/19
DOWNGRADE
BOFA
Underperform
PTC downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Shankar Subramanian downgraded PTC to Underperform with an $86 price target following lowered bookings guidance for FY19. Subramanian has concerns around execution uncertainty and increasing competitive risks.
04/25/19
STFL
04/25/19
NO CHANGE
Target $105
STFL
Buy
Stifel remains a buyer of PTC despite mixed quarter, guidance cut
Stifel analyst Adam Borg sees PTC shares remaining "in the penalty box" until execution improves but he remains a buyer of the stock as he continues to believe that industry and company-specific drivers and PTC's model transformation "offer plenty of opportunity for low-teens bookings growth and operating margin and FCF expansion." He sees the company's FY19 guidance cut being driven by two related issues, namely that PTC has hired less sales capacity than expected in IoT and AR and that it is seeing lower than expected bookings in the "lower-priority, lower-growth" areas of SLM and ALM. Borg keeps a Buy rating and $105 price target on PTC shares, which are down 10% to $91.32 in pre-market trading.
04/25/19
04/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Outperform at Wedbush with analyst Daniel Ives saying the demand story is quickly changing and the company has "unfortunately not adjusted to an evolving EV landscape." 2. PTC (PTC) downgraded to Underweight from Neutral at JPMorgan, to Underperform from Neutral at BofA/Merrill, and to Neutral on IoT/AR uncertainties at Wedbush. 3. Xilinx (XLNX) downgraded to Hold from Buy at Needham and to Neutral from Buy at Goldman Sachs. 4. Spirit Airlines (SAVE) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying industry pricing has not improved and sees some cost pressures that limit upside potential. 5. CyberArk (CYBR) downgraded to Neutral from Buy at UBS with analyst Fatima Boolani saying she remains bullish on the company's fundamentals as well as its execution consistency and "expanding mindshare in a market gone mainstream," which have accelerated the company's revenue growth to over 30% and supported the 70% year-to-date run-up in the stock price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/22/19
SBSH
07/22/19
INITIATION
SBSH
Neutral
PTC initiated with a Neutral at Citi

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DRI

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PING

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CBS

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British American Tobacco

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CRON

Cronos Group

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MLHR

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MSFT

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TNDM

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PRVB

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PAA

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COST

Costco

$292.47

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  • 19

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TECD

Tech Data

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AGCO

Agco

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PBR

Petrobras

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CE

Celanese

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STI

SunTrust

$68.57

0.48 (0.70%)

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WBS

Webster Financial

$48.84

0.43 (0.89%)

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HSBC

HSBC

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  • 27

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HES

Hess Corp.

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  • 01

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CSCO

Cisco

$49.32

-0.1 (-0.20%)

, DDOG

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$0.00

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