UPDATE: Bank of America Previews F2Q for Autodesk

Bank of America has published a research report on Autodesk ADSK previewing F2Q numbers. In the report, Bank of America wrote, "„Macro concerns weigh, but expect strong F2Q print ADSK reports F2Q on 08/18. Macro concerns and market volatility have created new concerns for the stock. However, our new reseller survey suggests surprisingly +ve 2Q momentum. Our revs and pf EPS ests are $541m/$0.41, mostly in-line with cons at $540m/$0.40, however upside of $5-10mn revs and $0.01-$0.02 EPS is possible." Bank of America rated Autodesk a BUY with a price target of $38.00. Autodesk closed Monday at $30.09.