Barclays analyst Saket Kalia raised the firm’s price target on PTC to $152 from $150 and keeps an Overweight rating on the shares. The company’s fiscal Q2 beat and second half of the year "de-risking" set the shares up for a "relief rally," the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PTC: