Loop Capital lowered the firm’s price target on Aspen Technology to $240 from $270 but keeps a Buy rating on the shares. The company reported a "noisy" quarter and its chemical headwinds have started to bite, but the shortfall was more about matters of timing and growing pains related to the EMR merger rather than competitive threats or longer-term structural issues, the analyst tells investors in a research note. Buying this "temporarily broken stock" should reward "intrepid investors", Loop Capital added.
Published first on TheFly
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