Jefferies Ratchets Numbers on Autodesk (ADSK) Higher After Positive Channel Checks
Get Alerts ADSK Hot Sheet
Price: $215.00 --0%
Rating Summary:
23 Buy, 14 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Rating Summary:
23 Buy, 14 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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Jefferies raised estimates and its price target on Autodesk (NASDAQ: ADSK) from $40 to $43 following positive channel checks. The firm reiterating a Buy rating.
The analyst comments: "The data suggests better than normal seasonal trends for the channel in F4Q12 which, coupled with the larger direct sales contribution this Q, suggests potential upside to numbers. Overall demand conditions seem to be improving again and even the data from Europe was OK."
Q4 EPS goes from $0.44 to $0.46, FY11 from $1.71 to $1.73 and FY12 from $2.00 to $2.04.
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 $34.66 yesterday.
The analyst comments: "The data suggests better than normal seasonal trends for the channel in F4Q12 which, coupled with the larger direct sales contribution this Q, suggests potential upside to numbers. Overall demand conditions seem to be improving again and even the data from Europe was OK."
Q4 EPS goes from $0.44 to $0.46, FY11 from $1.71 to $1.73 and FY12 from $2.00 to $2.04.
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 $34.66 yesterday.
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