Ansys price target lowered to $320 from $400 at Oppenheimer

Oppenheimer analyst Ken Wong lowered the firm’s price target on Ansys to $320 from $400 and keeps an Outperform rating on the shares. The firm remains positive on Ansys’s ability to deliver double digit growth and $3B cumulative free cash flow despite near-term headwinds that are likely one-time in nature, the analyst tells investors in a research note.