Autodesk price target lowered to $286 from $290 at Berenberg

Berenberg lowered the firm’s price target on Autodesk to $286 from $290 and keeps a Hold rating on the shares. The analyst expects Autodesk’s Q2 to be broadly in line with consensus, but now forecasts slower sales growth beyond Q2, on the back of a lack of a recovery across construction end markets, as well as emerging headwinds in Autodesk’s main manufacturing end markets.