Ansys falls as price target lowered to $320 at Credit Suisse
Credit Suisse analyst John Walsh lowered the firm's price target on Ansys (ANSS
-3.9%) to $320 from $339 and keeps an Outperform rating on the shares.
The analyst expects new product development spending/ R&D budgets to remain resilient.
Also expects to see more of a slowdown in consumer versus industrial spending as he does not see excess capacity or overinvestment in industrial verticals.

Ansys's rating is line with SA Quant Rating rating of Hold, Wall St. Analysts' Rating too stands with a Hold (3 Very Bullish, 1 Bullish, 3 Bearish).
Since the start of 2022, Ansys shares were down around 41%, and over a period of one year, shares were down around 31%.
Shares are currently down ~3.9% to $232.36 today, close to the low-end of its 2 years trading range.