Canaccord Genuity Maintains Hold on Autodesk (ADSK)

November 16, 2012 1:59 PM EST Send to a Friend
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Price: $59.46 +4.30%

Rating Summary:
    17 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 43 | New: 52
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Autodesk's (NASDAQ: ADSK) Q3 earnings report on Thursday showed strength in earnings, despite a revenue miss. Guidance also fell short of expectations.

Commenting on the results, analyst Richard Davis "The firm did a nice job with cost controls, delivering a solid EPS upside; however, we are not sufficiently confident that our estimates don't have stochastic downside skew to recommend ADSK shares yet."

Canaccord Genuity has a Hold rating on Autodesk (NASDAQ: ADSK) and a price target of $32.00.

For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.

Shares of Autodesk closed at $30.50 yesterday.


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