- BMO Capital Markets analyst Daniel Jester initiated coverage on PTC Inc (NASDAQ: PTC) at Outperform rating with a price target of $166.
- The analyst is bullish on PTC's acquisition of the field service management software provider, ServiceMax, in January 2023.
- The company announced the $1.46 billion acquisition in November 2022, which is expected to be accretive to PTC's <a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/11/n29766824/ptc-to-acquire-leading-saas-field-service-management-provider-servicemax" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" …