Autodesk price target lowered to $280 from $300 at JPMorgan

JPMorgan analyst Alexei Gogolev lowered the firm’s price target on Autodesk (ADSK) to $280 from $300 and keeps a Neutral rating on the shares. While vertical software-as-a-service industrial and construction software companies are unlikely to be directly affected by the newly proposed tariffs, the industrial and construction end markets are relatively less appealing amid trade war uncertainty, the analyst tells investors in a research note.