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Fly News Breaks for September 18, 2015
ADBE
Sep 18, 2015 | 07:46 EDT
Susquehanna said the Q3 results from Adobe were strong but were overshadowed by weaker guidance. The firm said its long-term thesis remains intact but that large Cloud transactions are leading to longer implementation cycles, which in turn causes delays in the timing of revenue recognition. Susquehanna reiterated its Positive rating and $87 price target on Adobe shares.