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Following Q1 results, Oppenheimer analysts upped their price target for the Autodesk stock to $350 from $300 and maintained an ‘Outperform’ rating.
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Replying to issues raised by Starboard, Autodesk said it has been taking decisive actions to drive growth, significantly expand operating margin, generate robust cash flow and continue innovating for customers.
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Starboard is reportedly considering nominating a minority slate of director candidates ahead of Autodesk’s annual shareholders’ meeting.
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