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Fly News Breaks for April 19, 2018
ADSK
Apr 19, 2018 | 07:40 EDT
Oppenheimer analyst Koji Ikeda raised his price target for Autodesk to $150 from $145 as he believes the construction digital replat-forming opportunity should act as a driver for future growth and free cash flow generation, which increases his confidence that the 2020 growth and profitability targets are achievable. Autodesk is his top large-cap stock pick, and the analyst is incrementally more bullish on the name following a recent round of construction industry checks, which lend support to his long-term thesis that the business is one of the best-positioned software vendors for future share gains of construction industry technology spend. Ikeda reiterates an Outperform rating on the shares.
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