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Fly News Breaks for January 14, 2020
Jan 14, 2020 | 07:51 EDT
Wedbush analyst Steve Koenig raised his price target for Aspen Technology to $154 from $145 as he expects a "solid" Q2/December, with potential upside to his annual spend, revenue, and EPS estimates. The analyst also expects recent positive trends with engineering and construction customers to continue, as E&C firms gain more confidence in their owner-operator customers' final investment decisions. Koenig has an Outperform rating on the shares.
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