Ansys price target raised to $356 from $325 at BofA

BofA analyst Andrew Obin raised the firm’s price target on Ansys to $356 from $325 and keeps a Buy rating on the shares, citing a higher multiple to reflect its peer group re-rating. Based on commentary from the BofA Global Industrials Conference in London and its channel checks, the firm contends that Q1 "trended in line to better" than expectations for its Industrials/Multi-Industry coverage.