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Fly News Breaks for September 20, 2017
ADBE
Sep 20, 2017 | 06:54 EDT
The Q3 bookings miss in Experience Cloud detracted from Adobe's otherwise strong quarter, Jefferies analyst Brent Thill tells investors in a post-earnings research note titled "FQ3: One Cylinder Misfiring, But Still Running Faster Overall." The analyst sees the bookings miss as a "small speed bump" due to Adobe's growing enterprise deal sizes. He raised his price target on the shares to $180 from $175 and keeps a Buy rating on the name.
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