Autodesk reinstated at Buy from Neutral at BofA

BofA reinstated Autodesk (ADSK) at Buy with a $300 price target The firm previously had a Neutral rating on shares. Autodesk’s data, 3D context, and decade-long AI investment give it “structural advantages that are hard to replicate,” says the analyst, who also notes that the company has pursued a multi-year go-to-market modernization and technology transition to be “appropriately positioned for AI.”