PTC price target lowered to $219 from $231 at BMO Capital

BMO Capital analyst Daniel Jester lowered the firm’s price target on PTC (PTC) to $219 from $231 and keeps an Outperform rating on the shares. The company finished the year with in-line ARR growth of 8.5% and good performance on cash generation, though the firm is cutting its price target on slightly lower ARR outlook, the analyst tells investors in a research note.