Autodesk (ADSK -0.3%) is underperforming after Goldman's Heather Bellini downgrades the firm to...

|By:, SA News Editor

Autodesk (ADSK -0.3%) is underperforming after Goldman's Heather Bellini downgrades the firm to Sell, and sets a $32 PT. Bellini thinks investor hopes for 10%+ FY13 revenue growth could prove optimistic, given weak macro conditions and promotion cutbacks, and is also worried about Autodesk's EMEA exposure (40% of sales). (last week)