Goldman Sachs Upgrades Autodesk (ADSK) to Conviction Buy
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Price: $246.79 +2.13%
Rating Summary:
36 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
36 Buy, 9 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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Goldman Sachs upgraded Autodesk (NASDAQ: ADSK) from Sell to Conviction Buy with a price target of $45.00 (from $25.00) citing a macro turn.
The firm said improved execution coupled with an inflecting nonresidential construction end-market can drive the shares higher.
The firm raised FY13 EPS from $1.59 to $1.61, FY14 from $1.82 to $1.83 and FY15 from $2.17 to $2.30.
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 $37.60 yesterday.
The firm said improved execution coupled with an inflecting nonresidential construction end-market can drive the shares higher.
The firm raised FY13 EPS from $1.59 to $1.61, FY14 from $1.82 to $1.83 and FY15 from $2.17 to $2.30.
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 $37.60 yesterday.
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