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Fly News Breaks for September 20, 2017
ADBE
Sep 20, 2017 | 07:04 EDT
Stifel analyst Tom Roderick noted that most of Adobe's key metrics outperformed in Q3, but the company failed to achieve its bookings target in Experience Cloud as a result of elongating sales cycles. He recommends being a buyer on any near-term weakness after earnings, citing the company's leadership position in key markets and "unmatched profitability" compared to peers. Roderick keeps a $163 price target and Buy rating on Adobe shares.
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