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Fly News Breaks for March 3, 2017
ADSK
Mar 3, 2017 | 07:35 EDT
Canaccord analyst Richard Davis raised his price target on Autodesk to $100 from $95 following Q4 results. The analyst expected the shares to dip following the results, and they did, but he said the weakness is a buying opportunity and would become more aggressive on pullbacks. Davis cited the continued progress on its change to a subscription model and management's guidance, which included a progressive change in pricing to encourage a shift to product subscriptions. Davis reiterated his Buy rating on Autodesk shares.
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