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Fly News Breaks for November 20, 2015
ADSK
Nov 20, 2015 | 08:15 EDT
Canaccord noted Autodesk reported noisy Q3 results and applauded its transition to cloud subscriptions. The firm sees the shares as overheated on speculation an activist investor will exert pressure on management, but said if the shares lose altitude they could follow with an upgrade to a Buy. For now, Canaccord maintained its Hold rating and $60 price target on Autodesk shares.
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