Jefferies downgraded Altium to Hold from Buy with a price target of A$47.08, up from A$44.69, following the company’s investor day meeting. Altium launched a new version of Altium Designer and showed early success in winning Enterprise customers and attracting non-PCB designers to its platform, but upside from these two factors is unlikely to be significant in the short term, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>