Autodesk upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Bhavin Shah upgraded Autodesk (ADSK) to Buy from Hold with a price target of $375, up from $345. The company reported “very healthy” Q3 results that represented “one of its “cleanest” quarterly prints over the last few years, the analyst tells investors in a research note. The firm says strong execution drove all of Autodesk’s metrics ahead of Street expectations. Deutsche now has increased confidence in the company’s out-year trajectory.