Information Provided By:
Fly News Breaks for June 22, 2016
ADBE
Jun 22, 2016 | 07:36 EDT
Deutsche Bank analyst Nandan Amladi said Adobe reported "good" Q2 results that included an increase in enterprise Creative Cloud ARPU as the company continues to show Creative Cloud momentum. The analyst, who continues to expect Adobe to outperform, reiterates a Buy rating and $120 price target on the shares following the quarterly report.