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UPDATE: Wedbush Upgrades Autodesk to Outperform on Positive Checks

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10 Stocks To Watch For May 20, 2015
Autodesk Posts Upbeat Q1 Results, But Issues Weak Forecast

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
May 2015BarclaysMaintainsOverweight
May 2015UBSMaintainsBuy
Apr 2015OTR GlobalDowngradesPositiveMixed

View More Analyst Ratings for ADSK
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Upgrades Analyst Ratings

 

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