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Autodesk upgraded to Buy from Hold at HSBC

HSBC analyst Stephen Bersey upgraded Autodesk (ADSK) to Buy from Hold with a price target of $343, down from $388. The firm sees signs that Autodesk is well positioned to monetize artificial intelligence and is likely to see margin expansion. The company is embedding AI into its core tools, which should drive a re-rating of the shares, the analyst tells investors in a research note.

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