Autodesk price target raised to $375 from $320 at Morgan Stanley

Morgan Stanley analyst Elizabeth Porter raised the firm’s price target on Autodesk (ADSK) to $375 from $320 and keeps an Overweight rating on the shares. Stable checks support the firm’s expectations for Q3 revenue growth of about 12% and in-line Q4 guidance, the analyst tells investors in a preview. While noting that investors will likely need to be patient for comments on growth and margin opportunities until a new CFO is in place, the firm sees an attractive entry point and favorable risk/reward, the analyst added.