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Fly News Breaks for January 30, 2018
ADBE
Jan 30, 2018 | 09:29 EDT
Argus analyst Joseph Bonner raised his price target on Adobe to $234 and kept his Buy rating. Bonner says the company has positioned itself "at the center of the exploding market for digital video content and advertising creation and management", offering a "unique" collection of software assets centered around Creative Cloud digital content creation. The analyst notes the company's expansion of digital analytics to advertising and management. Bonner also points to the management's trend of underpromising and overdelivering on performance.
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