Bentley Systems price target lowered to $45 from $52 at JPMorgan

JPMorgan analyst Alexei Gogolev lowered the firm’s price target on Bentley Systems (BSY) to $45 from $52 and keeps a Neutral rating on the shares. While vertical software-as-a-service industrial and construction software companies are unlikely to be directly affected by the newly proposed tariffs, the industrial and construction end markets are relatively less appealing amid trade war uncertainty, the analyst tells investors in a research note.