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Fly News Breaks for September 21, 2016
ADBE
Sep 21, 2016 | 07:37 EDT
Canaccord analyst Richard Davis raised his price target on Adobe to $120 from $110 following the company's Q3 earnings report. The analyst remains excited about the company, which he views as the definitive leader in digital content creation, adding that with the emergence of inbound marketing, content has been crucial to marketing success. Davis, who expects Adobe to continue to grow revenues in the low 20% range next year, reiterated his Buy rating on Adobe shares.
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