Jefferies & Co Downgrades ANSYS (ANSS) to Hold

July 1, 2008 8:39 AM EDT

Jefferies & Co downgrades ANSYS (Nasdaq: ANSS) from Buy to Hold. citing current valuation. Price target $48.

ANSYS, Inc. (ANSYS) develops and globally markets engineering simulation software and services used by engineers and designers across a range of industries, including aerospace, automotive, manufacturing, electronics, biomedical and defense


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