Jefferies, which
lowered its PT on shares of Parametric Technology (NASDAQ:
PMTC), is providing some color on the stock.
“We have trimmed our forecasts and PT on PMTC following a downtick in our channel survey work,” Jefferies writes. “However, we think a soft patch in the economy should be outweighed by the company's improving product position, a greater focus on operating margin expansion and relative valuation.”
Parametric Technology closed Wednesday at $23.54.
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