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Fly News Breaks for June 21, 2017
ADBE
Jun 21, 2017 | 07:40 EDT
Canaccord analyst Richard Davis raised his price target on Adobe to $165 from $145 to reflect its superior competitive position. The analyst sees little competitive pressure leading to steady, consistent, better-than-market appreciation. Davis, who believes the shares could double in a five-year window, reiterated his Buy rating on Adobe.
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