Baird analyst Joe Vruwink lowered the firm’s price target on Autodesk to $289 from $296 and keeps an Outperform rating on the shares. The firm said they collected feedback from Autodesk resellers which softened from levels observed over recent quarters. IBaird believes this increases the likelihood of an “in-line” to “mixed” quarter following several “above-expected” quarters; possibly extending its sideways movement into summer.
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