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Fly News Breaks for March 16, 2018
ADBE
Mar 16, 2018 | 08:01 EDT
Stifel analyst Tom Roderick noted that Adobe Systems' Q1 report came in ahead of consensus across all key metrics and he anticipates new products will create value with existing subscribers and lead to continued adoption. The analyst, who points to the Adobe Summit as the next catalyst for the stock, keeps a Buy rating on the stock and raised his price target for Adobe to $250 from $230.
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