B of A Securities Downgrades Ansys to Underperform, Lowers Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Andrew Obin has downgraded Ansys (NASDAQ:ANSS) from Buy to Underperform and reduced the price target from $356 to $295.

November 14, 2023 | 12:43 pm
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Ansys downgraded by B of A Securities from Buy to Underperform; price target cut from $356 to $295.
The downgrade by a major analyst from Buy to Underperform suggests a bearish outlook on Ansys, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term. The significant reduction in the price target further emphasizes the analyst's pessimistic view on the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100