Autodesk downgraded to Sell from Neutral at Citigroup Citigroup downgraded Autodesk to Sell citing valuation and its belief the company's long-term targets look too high. Citi keeps a $36 price target for shares.
Autodesk downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Autodesk to Underperform from Neutral. The analyst believes Autodesk shares are piced to perfection and said it is unclear how the planned perpetual license phase-out is progressing. Price target is $56.
Autodesk a top pick for 2015, says Cowen Cowen highlighted Autodesk as a top pick for 2015 as the company implements a plan to steer its customers to subscription offerings, which should lead to a wave of perpetual buying in the upcoming years. Cowen reiterated its Outperform rating and $73 price target on Autodesk shares.