Parametric Tech Rallies 5% Premarket on Upgrade to Buy at Je
April 08, 2011
Shares of Parametric Technology (PMTC) are up 5.54% to $24 in pre-market trading after the company is reportedly upgraded to Buy from Hold at Jefferies. The firm cited the PMTC's exposure to recovering industries, benefits from the MKS acquisition, and large deal momentum. Price target is raised to $28 from $25.