Barclays Upgrades Autodesk

In a report released Thursday, Barclays analyst Saket Kalia upgrades Autodesk, Inc.

from Equalweight to Overweight with a price target of $65 by December 2015. Analyst at Barclays focus on Autodesk's subscription model transition contributing to the company's growth by generating strong cash flows and positive margin expansion through FY 2018. Barclays model and price target consists of a 12 percent billings CAGR (influencing growth in subscription billings between 20 to 25 percent), 30 percent plus operating margin, and an estimate of nearly 1 billion in free cash flows assisting future EPS growth.