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Autodesk initiated with a Buy at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage of Autodesk (ADSK) with a Buy rating and $375 price target The firm sees Autodesk’s appeal at current trading levels as it forecasts the platform to deliver 5.0%-5.5% growth above its industries between 2024 and 2027, higher than the 3.5%-4% implied by consensus. The analyst sees growing demand for the company’s converged solutions in architecture, engineering and construction workflows.

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