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Fly News Breaks for February 28, 2020
ADSK
Feb 28, 2020 | 08:37 EDT
Baird analyst Joe Vruwink noted Autodesk reported strong Q4 results capped off by a significant upside in billings and free cash flow. The analyst said guidance was inline with its preliminary view but in his opinion the strength in the "core" AEC portfolio, upside on the acquired cloud businesses, improvement in the underlying growth for Manufacturing, is what makes the story compelling. Vruwink reiterated his Outperform rating and $250 price target on Autodesk shares.
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