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Fly News Breaks for September 13, 2019
ADBE
Sep 13, 2019 | 07:01 EDT
RBC Capital analyst Alex Zukin assumed coverage of Adobe with an Outperform rating and a raised price target of $320 from $295 prior ahead of its earnings next week. The analyst notes that his checks point to an "in-line or better quarter", with strong pipeline going into Q4. Zukin also sees Adobe as a "best in class asset" that is positioned to outperform over multiple market cycles, adding that its Creative Cloud business offers high pricing power and potential for secular growth predicated with "long-term user growth".
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