Mizuho Downgrades PTC to Neutral, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Matthew Broome has downgraded PTC (NASDAQ:PTC) from Buy to Neutral and lowered the price target from $200 to $190.
June 04, 2024 | 11:56 am
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Mizuho has downgraded PTC from Buy to Neutral and reduced the price target from $200 to $190, indicating a less optimistic outlook.
The downgrade from Buy to Neutral and the reduction in the price target suggest that the analyst sees less potential for PTC's stock to appreciate in the near term. This could lead to a negative sentiment among investors and a potential short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100