Autodesk price target raised to $245 from $220 at Stifel

Stifel analyst Adam Borg raised the firm’s price target on Autodesk to $245 from $220 and keeps a Buy rating on the shares after speaking with four platinum-level channel partners ahead of Autodesk’s Q4 report due on February 23. The firm’s checks, and foreign exchange tailwinds, point to in-line to modestly-above fiscal Q4 results, said Stifel, which acknowledges a more uncertain macro backdrop, but believes Autodesk has a number of drivers to sustain double-digit top-line growth.