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Fly News Breaks for August 26, 2016
ADSK
Aug 26, 2016 | 07:08 EDT
JPMorgan analyst Sterling Auty said, even more than the big revenue upside reported by Autodesk, that it was the new model subscriptions and new model Annualized Recurring Revenue, or ARR, that stood out as bright spots in the company's quarterly report. Auty, who sees the company's subscription transition gaining momentum, raised his price target on Autodesk to $92 from $82 and keeps an Overweight rating on the shares.
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