Fly News Breaks for July 25, 2019
Jul 25, 2019 | 07:15 EDT
As previously reported, KeyBanc analyst Jason Celino downgraded PTC to Sector Weight from Overweight after the company missed Q3 bookings and lowered its 2019 guidance. While the analyst maintains PTC has compelling opportunities in IoT, given the recent execution issues, he believes it will take multiple quarters of better execution and greater clarity around long-term growth drivers to drive renewed confidence.
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