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UPDATE: Wedbush Upgrades Autodesk to Outperform on Positive Checks

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Wedbush upgraded Autodesk (NASDAQ: ADSK) from Neutral to Outperform and raised the price target from $34.00 to $45.00.

Wedbush commented, "We are upgrading ADSK shares to OUTPERFORM from NEUTRAL based on improving macroeconomic fundamentals, supported by our end-quarter 4Q checks, which suggest ADSK saw solid 4Q channel sales. … Our conversations with resellers suggest 4Q activity was fairly robust, with customer demand boosted by an impending increase to upgrade pricing, a 2.9% financing offer, and resellers' year-end selling efforts."

Autodesk closed at $38.86 on Tuesday.

Latest Ratings for ADSK

DateFirmActionFromTo
Jan 2017Wells FargoInitiates Coverage OnOutperform
Dec 2016Canaccord GenuityUpgradesHoldBuy
Sep 2016Evercore ISI GroupInitiates Coverage onBuy

View More Analyst Ratings for ADSK
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Upgrades Analyst Ratings

 

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