Autodesk price target raised to $305 from $265 at DA Davidson

DA Davidson analyst William Jellison raised the firm’s price target on Autodesk (ADSK) to $305 from $265 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company’s strong execution on growth across multiple products/industries and margins were offset by a “conservative view” on billings for the remainder of the year, the analyst tells investors in a research note. The firm adds however that Autodesk is executing admirably with respect to its products, its transaction model and efficiency initiatives, and its corporate governance.