Will This Price Target Cut Hurt Autodesk (ADSK) Stock Today?

NEW YORK (TheStreet) -- Autodesk (ADSK) stock has had its price target decreased to $60 from $64, UBS said Friday. The firm said the revision was a valuation call. A "buy" rating was reiterated.

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TheStreet Ratings team rates AUTODESK INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AUTODESK INC (ADSK) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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