Morgan Stanley Resumes Autodesk (ADSK) at Overweight, 'Catalyst Path Points to an Attractive Risk/ Reward'

Morgan Stanley analyst Elizabeth Porter resumes coverage on Autodesk (NASDAQ: ADSK) with a Overweight rating and a price target of $305.00.

The analyst comments "A robust catalyst path to drive improved demand, further margin expansion, and/or multiple re-rating for this leading AEC franchise frames a favorable entry point. Valuation is attractive with shares at a discount to peers, vs. historical premium, supporting a 3:1 bull/bear skew & our OW view."

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 $249.91 yesterday.

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