Oppenheimer upgraded Bentley Systems (BSY) to Outperform from Perform with a $49 price target The firm cites the company’s minimal direct tariff impact, high percentage of recurring revenue, and “relatively resilient” business model for the upgrade. Bentley is well positioned amid European infrastructure stimulus. In this environment, you want to own the stock for its relative resiliency, high percentage of annual recurring revenue, low direct exposure to tariffs, and prudent operational cost management, the analyst tells investors in a research note.
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