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Fly News Breaks for May 19, 2017
ADSK
May 19, 2017 | 07:27 EDT
Canaccord analyst Richard Davis raised his price target on Autodesk to $120 from $105 following Q1 results. The analyst said the company's transition continued as expected, which has now put free cash flow on a $6.00+ trajectory by 2019, making the new price target less aggressive than it may seem. Davis reiterated his Buy rating on Autodesk shares.
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