Upgrades Hit Autodesk, Moody's as Software Leads

Analysts moved on two names this week. Autodesk received an upgrade at the consensus level. The design software giant carries a $45.5B market cap. The average analyst target now stands at $315.37, up from $315.37 previously. Short interest sits at just 3.5% of free float — bears are light.

Moody's also drew an upgrade. The $85.5B credit rating firm saw its consensus rise to a stronger buy mix. The average target ticked up to $561.90. With SI at just 1.5% of free float, short sellers have little conviction against either name.

Salesforce attracted a target price increase. The $213B CRM leader's average target moved to $272.13 from $270.84. The broad analyst community remains firmly bullish — 38 buys versus just 2 sells.

On the negative side, ServiceNow saw its target trimmed. The average dropped to $141.84 from $142.23. Honeywell also had its target cut, falling from $264.32 to $263.41.

The session also saw Flex receive a fresh recommendation initiation with a $160.50 average target. That puts all 11 covering analysts in the buy camp.