DA Davidson raised the firm’s price target on Autodesk (ADSK) to $285 from $275 and keeps a Neutral rating on the shares after its Q4 earnings beat. The removal of the long-term 10%-15% growth framework results in a clean slate on Autodesk’s long-term targets, while the 9% reduction in force is aimed ultimately at efficiency and greater value-creation, the analyst tells investors in a research note.
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