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Pacific Crest Raises Estimates & Price Target On AutoDesk

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

Following the company's second quarter earnings report, Pacific Crest has raised its price target and estimates for Autodesk (NASDAQ: ADSK) and maintained an Outperform rating.

The team at Pacific Crest commented, "Consistent with checks, Autodesk posted very strong upside in FQ2 (July). More importantly, billings, which provide the best indicator for future growth, increased by 27 percent year-over-year."

Pacific Crest has raised its price target on Autodesk from $60 to $66 and its fiscal 2015 EPS estimate from $1.15 to $1.21.

Latest Ratings for ADSK

DateFirmActionFromTo
May 2015BarclaysMaintainsOverweight
May 2015UBSMaintainsBuy
Apr 2015OTR GlobalDowngradesPositiveMixed

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Posted-In: Pacific CrestAnalyst Color News Price Target Analyst Ratings

 

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