RBC Capital lowered the firm’s price target on PTC (PTC) to $195 from $235 and keeps an Outperform rating on the shares. The company delivered in-line annual recurring revenue and free cash flow results while revenue saw better performance driven by large deal volumes and competitive displacements, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTC: