UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Autodesk Ahead of Investor Day

In a report published Monday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating on

, but removed the $65.00 price target. In the report, Morgan Stanley noted, “At this week's Investor Day we look for ADSK management to further detail the business model transition and provide insight into drivers beyond FY16. Below we outline some of the key investor debates and our hypothesis for how ADSK can approach 100% recurring revenue by FY18.” Autodesk closed on Friday at $54.28.