Citi Comments On Autodesk Analyst Day

According to Citi, Autodesk ADSK was recently removed from its least preferred relative call list after shares declined nearly 15% in the month of June versus ~6% for the S&P 500. Citi said that Autodesk 2012 product line-up is substantially focused on broadening the line of suites. “We believe there is an upward bias to shares near-term coming out of analyst day, but this is not enough of a reason for us to recommend the stock.” Autodesk closed on Friday at $36.69.