Autodesk results reinforce our positive view, says Canaccord Canaccord said Q1 results at Autodesk reinforce their positive view and calls it a quality GARP (growth at a reasonable price) name. The firm cited its predictable growth in revenues and billings and stable margins. Shares are Buy rated with a $60 price target.
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.