Mizuho lowered the firm’s price target on Ansys to $290 from $310 and keeps a Neutral rating on the shares. The company reported good Q3 execution but new export restrictions relating to China created a $20M impact to revenue, and will continue to be a headwind through 2024, the analyst tells investors in a research note.
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>>
See the top stocks recommended by analysts >>
Read More on ANSS: