Autodesk Stock Downgraded After Earnings Warning
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Autodesk (NASDAQ: ADSK) stock is getting mauled today, down 8% in early afternoon trading. Surprisingly, though, the software company actually beat earnings when it reported its fiscal Q2 2020 results last night.
Problem was, that wasn't all that Autodesk had to say.
Source Fool.com
