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Fly News Breaks for August 25, 2015
ADBE
Aug 25, 2015 | 06:18 EDT
Baird upgraded Adobe to Outperform with an $85 price target. The firm said the pullback in shares has provided a buying opportunity ahead of revenue and margin reacceleration. Baird believes the the shift to cloud services has been transformation to customers and not only enhances customer lifetime value but expands the market by attracting new paying customers, and enhances the creative process and improves productivity, and sets the runway into Consumer and Education.
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