Autodesk price target lowered to $250 from $260 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Autodesk to $250 from $260 but keeps an Outperform rating on the shares. Q3 was a good quarter and the firm continues to like the long-term revenue growth and free cash flow generation opportunities, for Autodesk, though investors will likely need to digest another transition, this time to a new transaction pricing model, the analyst tells investors in a research note.