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Fly News Breaks for September 20, 2017
ADBE
Sep 20, 2017 | 08:53 EDT
Credit Suisse analyst Michael Nemeroff raised his price target for Adobe to $170 from $160 following quarterly results. The analyst remains positive on Adobe's business overall, and argues that investor sentiment heading into its Q3 print was very high, possibly too strong, which could cause the shares to dip in the near-term, which he would see as a good buying opportunity. Nemeroff reiterates an Outperform rating on the shares.
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