Parametric Technology (PMTC -3%) extends Thursday's 21% rout after the company's FQ2 warning....


Parametric Technology (PMTC -3%) extends Thursday's 21% rout after the company's FQ2 warning. Canaccord downgrades shares to Hold despite believing in PMTC's technological leadership in its product lifecycle management software. Though seeing long-term growth potential, the firm thinks it will take "a few quarters of solid execution to regain investor conviction."

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