Stifel lowered the firm’s price target on Autodesk (ADSK) to $310 from $350 and keeps a Buy rating on the shares after having hosted investor meetings with Autodesk’s CEO Andrew Anagnost and CFO Janesh Moorjani. While the unfolding macro backdrop will impact Autodesk and all software companies, the firm remains confident in Autodesk’s strategy and competitive positioning, the analyst tells investors following the management meeting.
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