Autodesk (ADSK) PT Lowered to $230 at Mizuho

Mizuho analyst Matthew Broome lowered the price target on Autodesk (NASDAQ: ADSK) to $230.00 (from $270.00) while maintaining a Neutral rating.

The analyst commented: "Maintain Neutral, PT Lower to $230 from $270. While the conclusion of the recent internal investigation into Autodesk's accounting practices removes a significant overhang on the shares, investors' focus will switch to macro recovery. The weakening construction backdrop and uncertain macro keep us on the sidelines until we see signs of a meaningful recovery in construction spending."

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