ANSYS (ANSS) Tops Q1 EPS by 1c

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Wedbush Downgrades ANSYS (ANSS) to Neutral

May 6, 2016 7:25 AM EDT

Wedbush downgraded ANSYS (NASDAQ: ANSS) from Outperform to Neutral with a price target of $86.00 (from $91.00), saying growth prospects look diminished.

Analyst Steve Koenig commented, "Weve become more cautious about ANSSs growth prospects over the next 12 months; the latest data points... More