Jefferies says Schneider will take time to win over PTC skeptics

1220 GMT - Schneider Electric doesn't seem to have convinced investors of the merits of its proposed $22.6 billion acquisition of U.S. software maker PTC, and it will take time for the deal to be digested, Jefferies analysts say in a research note. Most investors don't understand the need to invest as much in the French engineering group's industrial-automation division, the analysts say. The company could ease some of those concerns by completing a capital increase quickly and presenting a clear plan to deliver synergies, Jefferies says. Addressing the AI disruption risk will be more difficult, especially given that the deal will take about a year to close, the analysts add. Jefferies raises its target price on Schneider's stock to 323 euros from 289 euros. Shares rise 0.3% to 255.40 euros. (adria.calatayud@wsj.com) (END) Dow Jones Newswires October 08, 2026 08:20 ET (12:20 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.