Rosenblatt upgraded Bentley Systems (BSY) to Buy from Neutral with an unchanged price target of $58 ahead of the Q3 report on November 5. The demand and competitive environments for infrastructure engineering software has remained stable in recent months and the rent federal government shutdown has not impacted customer design workflows at this point, the analyst tells investors in a research note. Rosenblatt cites the recent pullback in the shares for the upgrade.
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