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Fly News Breaks for March 24, 2017
ADBE
Mar 24, 2017 | 07:42 EDT
As previously reported, Credit Suisse analyst Michael Nemeroff upgrade Adobe to Outperform from Neutral given expectations for continued momentum in its highly profitable Creative Cloud business that he expects will lead to stronger than expected operating cash flows over the next few years. The analyst also raised his price target on the shares to $150 from $125.
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