Berenberg Downgrades PTC to Hold Amid Macro Pressure

By Yahoo! Finance | Nov 1, 2024 at 03:05 PM EST

Berenberg downgraded PTC to hold due to ongoing macroeconomic challenges in key markets like aerospace and defense. The lowered price target of $196 reflects a 5.8% upside potential. PTC's recent performance has been strong, but future appreciation may be limited given current uncertainties.

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