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Altair price target raised to $113 from $90 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Altair (ALTR) to $113 from $90 and keeps a Sector Perform rating on the shares after the company announced that it has entered into a definitive agreement to be acquired by Siemens for $10.6B or $113 per share in cash.

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