Jefferies Raises Numbers On Autodesk

According to Jefferies, Autodesk ADSK numbers are raised. Jefferies said that its latest ADSK survey shows further improvement in fundamentals and estimates are raised to reflect this. “Clearly, we were too early to downgrade the stock last year. But, looking afresh given current valuation, growth expectations and sentiment, we view the risk reward as more balanced.” Autodesk closed yesterday at $44.98.