Autodesk price target lowered to $305 from $320 at KeyBanc

KeyBanc analyst Jason Celino lowered the firm’s price target on Autodesk to $305 from $320 and keeps an Overweight rating on the shares. Checks with resellers highlight highlighted modest pull-forward activity in the months of April and May ahead of June billings transaction change, and, as a result, KeyBanc expects strong Q1 results and in-line to modestly lower Q2 guidance, the analyst tells investors in a research note.