Autodesk price target raised to $230 from $225 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Autodesk to $230 from $225 and keeps a Hold rating on the shares. The company reported a better than expected fiscal Q2, particularly against muted expectations, but much of the outperformance was aided by a pull forward of some EBA usage activity from Q4 into this quarter, the analyst tells investors in a research note. However, commentary suggests the business is holding up well against a demand environment that remains challenging, says the firm.