UPDATE: J.P. Morgan Raises PT on Autodesk to $46

J.P. Morgan is out with its report today on Autodesk ADSK, raising its PT from $44 to $46. In a note to clients, J.P. Morgan writes, "We are raising our December 2011 PT to $46 (from $44) based on 24x our new FY13 EPS of $1.92. This assigned multiple is in line with where ANSS is currently trading on FY12 numbers, so we simply carry this multiple forward to FY13 numbers." Shares of ADSK closed Thursday at $44.39, up 0.25% from Wednesday's close.