MUFG analyst Stephen Bersey raised his price target on Autodesk to $91 after its Q4 earnings beat, saying the company had a "successful year" in 2018 making the transition to a subscription revenue model. The analyst expects the focus of investors to now turn on generating organic subscription growth, adding that while the lost maintenance revenue is concerning, the new subscription adds made in Q4 were "solid'. Bersey is keeping his Underweight rating on Autodesk however and contends that "mid-single-digit top-line growth is more likely than the company's expectation of double-digit growth".

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here