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Wedbush ups Autodesk PT on Q4 outperformance

Mar. 04, 2019 9:59 AM ETAutodesk, Inc. (ADSK) StockADSKBy: Brandy Betz, SA News Editor
  • Wedbush reiterates a Neutral rating on Autodesk (NASDAQ:ADSK) but raises the target from $131 to $163.
  • The firm cites ADSK's "outperformance on all major metrics" in the Q4 report.
  • Wedbush says valuation looks fair relative to the firm's long-term discounted cash flow view, but Wedbush "would be sensitive to valuation and global macroeconomic conditions to become more or less constructive on ADSK shares."
  • Autodesk shares are up 0.3% to $160.18.

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