Jefferies initiated coverage of Autodesk (ADSK) with a Buy rating and $300 price target The firm believes concerns around architecture, engineering and construction software are unjustified. Autodesk is a “durable double-digit grower” with one of the highest EBIT margins in the sector and a capital-light model, the analyst tells investors in a research note. Jefferies sees the shares trading at a “trough” valuation and attractive risk/reward.
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