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Stock buybacks of the week: Autodesk authorizes $5 billion

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Autodesk (NASDAQ:ADSK) approved a $5 billion share-repurchase authorization as it also issued in-line Q3 earnings and under-consensus guidance for Q4.

Following the soft guidance, Mizuho downgraded ADSK to Neutral from Buy with a $210 per share price target (down from $260). "Given an increasingly uncertain operating environment, we find it difficult to continue recommending the name going into a more challenging FY24," the analyst said. Oppenheimer cut the price target to $220 from the prior $255 per share. Autodesk shares were off 8.3% for the week to $200.66.



Companies often establish a pattern of hiking dividends at the same time each year, giving investors a reliable cash influx and enticing them to stick around for the long term. With help from StreetInsider and InvestingPro+ data, here is your weekly list of companies that look set to raise their payouts in the next week, based on what they did this time last year - as well as their payout histories, which can give you a better idea of whether they're likely to hike again.






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