PTC Inc. Shares Soar 9.14% After JP Morgan Downgrade
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:05 pm ET1min read
PTC--
PTC Inc. (PTC) shares surged by 9.14% today, marking a significant rebound after the stock price plummeted to its lowest level since June 2023, with an intraday decline of 2.46%.
JP Morgan's recent downgrade of PTC Inc.PTC-- from Overweight to Neutral, coupled with a reduction in its target price from $210 to $160, has cast a shadow over the company's stock performance. This move by the financial giant reflects a shift in sentiment, potentially influencing investor confidence and market dynamics for PTCPTC--.
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