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Fly News Breaks for September 18, 2015
ADBE
Sep 18, 2015 | 05:45 EDT
JPMorgan analyst Sterling Auty recommends using any weakness today in shares of Adobe as a buying opportunity. The outlook for Q4 is a positive despite missing earnings estimates as it reflects a further shift to subscription, Auty tells investors in a post-earnings research note. He points out that Adobe's Q3 Cloud subscriber additions beat expectations and marketing cloud revenue growth rebounded to 27%. The analyst keeps an Overweight rating on Adobe with a $91 price target.
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