Jefferies Lifts Price Target On Parametric Technology (PMTC) to $23
Tweet
Share
E-mailGet Alerts PMTC Hot Sheet
Price: $32.38 -0.61%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies raised its price target on Buy-rated Parametric Technology (NASDAQ: PMTC) from $22 to $23.
The firm comments, "Our latest channel survey suggests normal seasonality for F1Q12 and a slight up-tick in growth expectations for CY12. We lowered our ests for FX/ demand on 1/9/12 and see no need to change estimates further. We still view the stock as relatively cheap and we maintain Buy."
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 $20.25 yesterday.
The firm comments, "Our latest channel survey suggests normal seasonality for F1Q12 and a slight up-tick in growth expectations for CY12. We lowered our ests for FX/ demand on 1/9/12 and see no need to change estimates further. We still view the stock as relatively cheap and we maintain Buy."
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 $20.25 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
