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Fly News Breaks for October 7, 2015
ADBE
Oct 7, 2015 | 05:36 EDT
JPMorgan analyst Sterling Auty recommends using any pullback in shares of Adobe from the company's weaker than expected FY16 guidance as a buying opportunity. Currency moves and further subscription shift impact the outlook, Auty tells investors in a research note. He believes Adobe's FY18 cash flow is attractive and raised his price target for shares to $95 from $91.
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