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Autodesk price target raised to $325 from $316 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Autodesk to $325 from $316 and keeps a Buy rating on the shares. The company’s Q2 results showed signs of macro and demand resiliency with incremental upside on margins, the analyst tells investors in a research note. The firm believes the effective raise on EBIT margins was the strongest takeaway from the print, showing the company is potentially accelerating the “unlock” of margin efficiency.

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