Autodesk (ADSK) Tops Q1 EPS by 2c; Guides FY16 Below Expectations

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Wedbush Loweres Price Target on Autodesk (ADSK) Following 'Disappointing' 2Q Guidance

May 20, 2015 8:06 AM EDT

Wedbush Reiterates an Outperform rating on Autodesk (NASDAQ: ADSK), and lowered the price target to $64.00 (from $69.00), after adjusting estimates to show lower revenue and EPS. Analyst Steve Koenig said that 2Q guidance was disappointing.

Koenig commented on ADSK, saying, "ADSK posted a... More