Ansys price target lowered to $260 from $303 at Barclays

Barclays analyst Saket Kalia lowered the firm’s price target on Ansys to $260 from $303 and keeps an Underweight rating on the shares. The analyst says Ansys reported lower annual contract value due to China headwinds The headwind is assumed to be less from lost business and more from delayed business in fiscal 2023 with the opposite being true in fiscal 2024, the analyst tells investors in a research note.