KeyBanc raised the firm’s price target on Autodesk to $255 from $244 and keeps an Overweight rating on the shares. Autodesk’s Q2 revenue beat by roughly 2%, representing the largest percentage beat in over eight quarters, the analyst tells investors in a research note. The firm is encouraged by the EBA strength, which modestly de-risks the former steep Q4 amp, and continues to view the long-term growth opportunities around digitization of AEC positively.
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