The Benchmark Company Maintains Buy Rating and $19 PT on Aspen Technology

A report from The Benchmark Company reiterates its Buy rating and $19 price target on Aspen Technology AZPN. The report states, “We're maintaining our Buy rating and $19 price target on shares of AZPN in the wake of last night's good F1Q12 earnings release where total contract value and cash flow came in slightly above expectations. During the conference call, management commented that it hasn't seen a slowdown or change in spending priorities within its process manufacturing customer base, even in the face of ongoing macro concerns." AZPN closed yesterday at $16.58.