Goldman Sachs Starts Parametric Technology (PMTC) at Neutral

Goldman Sachs initiates coverage on Parametric Technology (NASDAQ: PMTC) with a Neutral. PT $23.00.

Even though the Sept. quarter may have marked a stabilization in its PLM segment, the company faces near-term headwinds in this growth biz, Goldman notes. In addition, an analysis showing a close correlation between PLM license revenue and PMTC's P/E multiple suggests limited upside.

For an analyst ratings summary and ratings history on Parametric Technology click here. For more ratings news on Parametric Technology click here.

Shares of Parametric Technology closed at $21.00 yesterday, with a 52 week range of $14.25-$25.30.

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