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Fly News Breaks for February 10, 2020
ANSS
Feb 10, 2020 | 07:03 EDT
Citi analyst Tyler Radke on Friday morning downgraded Ansys to Neutral from Buy with a price target of $300, up from $255. The analyst sees limited upside to shares over the next 12 months with valuation now at "new peaks." Further, he believes 2020 consensus estimates look high and has concerns that the company's longer-term growth drivers may take longer to play out.
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