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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BSY:
- Bentley Systems upgraded to Buy from Neutral at Rosenblatt
- Bentley Systems Alters Convertible Notes Settlement Method
- Bentley Systems names Cate Lochead as Chief Marketing Officer
- Bentley Systems initiated with an Equal Weight at Barclays
- Closing Bell Movers: Bentley Systems up 5% on S&P MidCap 400 entry