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Fly News Breaks for September 20, 2017
ADBE
Sep 20, 2017 | 06:18 EDT
Weaker than expected Adobe experience bookings in Q3 will weigh on shares, JPMorgan analyst Sterling Auty tells investors in a post-earnings research note titled "3Q17: Good, But Not as Great as 2Q17." The analyst is not concerned enough to change his thesis, however, saying the business is "working through growing pains and scale." He believes the stock selloff could provide a buying opportunity and keeps an Overweight rating on Adobe with a $170 price target.
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