Autodesk price target raised to $260 from $245 at KeyBanc

KeyBanc raised the firm’s price target on Autodesk to $260 from $245 and keeps an Overweight rating on the shares. The price target increase reflects a slightly better backdrop, the analyst tells investors in a research note. The firm has increasing confidence that Autodesk is expanding its use cases from its move to subscription and believes it could see accelerating free cash flow.