BMO Capital raised the firm’s price target on Autodesk (ADSK) to $343 from $333 and keeps a Market Perform rating on the shares. The company delivered a good set of results in Q3, showing a sequential improvement in underlying growth and impressive Q4 revenue guidance, the analyst tells investors in a research note. Against a choppy selling environment, Construction Cloud momentum persists, and Autodesk continues to make gradual progress on the broader vision to unlock data and workflow silos across AECO and manufacturing industries, the firm added.
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