JPMorgan downgraded PTC (PTC) to Neutral from Overweight with a price target of $160, down from $210. 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. The downgraded PTC to reflect its relative positioning amid tariff uncertainty.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue