UPDATE: JP Morgan Lowers PT on Autodesk from $46 to $32

J.P. Morgan has published a research report on Autodesk ADSK lowering the price target by $14.00. In the report, J.P. Morgan wrote, "There were no signs of macro weakness in Autodesk's 2Q12 results or its guidance, which calls for faster revenue growth and increase in operating margins. We think investors may be wary of Autodesk, given the fear of macro slowdown and since Autodesk was slow to react to the 2008 recession, in our opinion." J.P. Morgan rated Autodesk a Neutral with a price target lowered from $46.00 to $32.00. Autodesk closed Thursday at $26.51.