Autodesk price target raised to $375 from $350 at Oppenheimer

Oppenheimer raised the firm’s price target on Autodesk (ADSK) to $375 from $350 and keeps an Outperform rating on the shares. The company reported better than expected fiscal Q2 results and upped its full-year guidance despite lingering macro uncertainty, the analyst tells investors in a research note. The firm remains positive on Autodesk’s medium- and long-term margins, and now sees a clearer path back to double-digit core revenue growth. It cites higher growth and margin expectations for the target increase.