Autodesk price target lowered to $254 from $293 at BMO Capital

BMO Capital lowered the firm’s price target on Autodesk to $254 from $293 and keeps a Market Perform rating on the shares. The company provided updates on the trajectory of its business following the conclusion of accounting investigation, and the billings ramp through the year is now slightly greater than expected, the analyst tells investors in a research note. BMO adds however that while the Autodesk business is attractive over the longer term, the ongoing macro uncertainty currently overshadows company-specific drivers.