KeyBanc raised the firm’s price target on Bentley Systems (BSY) to $59 from $56 to reflect incremental confidence in the company’s pricing power and “growth build.” The firm keeps an Overweight rating on the shares after speaking to a broad set of industrial software resellers as part of its quarter-end channel checks.
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Read More on BSY:
- Bentley Systems Announces Dividend at Annual Meeting
- Bentley Systems price target raised to $53 from $48 at UBS
- Bentley Systems price target raised to $50 from $49 at Oppenheimer
- Bentley Systems price target raised to $56 from $54 at KeyBanc
- Balanced Outlook: Bentley Systems’ Strong Growth vs. Valuation Concerns