Information Provided By:
Fly News Breaks for March 18, 2016
ADBE
Mar 18, 2016 | 05:51 EDT
JPMorgan analyst Sterling Auty raised his price target for Adobe Systems to $110 saying the company's Q1 results were "strong across the board." The "strength and consistency" of Adobe's subscription transition should be a relief to investors, Auty tells investors in a research note. He expects the stock to move higher in the near term and keeps an Overweight rating on the name.