Upgrades Hit Autodesk, Moody's as Analysts Turn Bullish

Wall Street turned more positive on two large-cap names Friday. ADSK and MCO both received upgrades, with consensus ratings shifting higher on each.

Autodesk's upgrade pushed its buy-side count to 32 analysts. The design software firm carries a $45.5 billion market cap. Average target price sits at $315.37. Short interest is modest at 3.5% of free float, suggesting bears are not pressing the stock.

Moody's gained a fresh upgrade too. Its consensus now shows 18 buy recommendations versus 6 holds. The ratings agency has an $85.5 billion market cap. Target price rose to $561.90. Short sellers hold just 1.5% of free float — bulls have this name largely to themselves.

HOOD saw its target price lift to $125.45, up from $124.15. The retail brokerage now has a $96.5 billion market cap. 24 analysts hold buy ratings on the stock.

On the other side, HON saw its target trimmed. Honeywell's average target fell to $263.41 from $264.32. The industrial giant still carries 13 buy ratings, but the small cut signals some caution ahead.

FLEX received a fresh new recommendation. The electronics manufacturer now has 11 buy ratings. Average target stands at $160.50.