Autodesk price target lowered to $290 from $316 at Stifel

Stifel lowered the firm’s price target on Autodesk to $290 from $316 and keeps a Buy rating on the shares. Autodesk has yet to set a fiscal Q1 earnings date, which the firm believes is likely related to its delayed 10-K filing, notes the analyst, who would expect Autodesk to either provide a high-level quarterly update in the near-term, with a full Q1 release at a later point, or “remain in a holding pattern until the investigation is complete” and then release full Q1 results at that time. After speaking with three Autodesk platinum level channel partners for a closer look at business trends in the quarter, the firm tells investors that its checks were “mixed,” with one partner above plan, one in line, and one below.