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Fly News Breaks for December 14, 2018
ADBE
Dec 14, 2018 | 08:01 EDT
Stifel analyst Tom Roderick said he believes Adobe's initial outlook for FY19 points to strong momentum in execution against core initiatives despite some "optical headwinds" related to currency and purchase accounting. The analyst, who still sees Adobe being set up for a strong FY19, keeps a Buy rating and $325 price target on the shares following the company's Q4 earnings report.