PTC price target raised to $226 from $216 at Baird

Baird raised the firm’s price target on PTC (PTC) to $226 from $216 and keeps an Outperform rating on the shares. The firm said partner checks suggest in-line F4Q environment, with average growth still trending in low-double-digit percentage, and exposure to ALM/SLM contributing faster-than-“average” growth.