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Fly News Breaks for September 18, 2019
ADBE
Sep 18, 2019 | 06:13 EDT
Nomura Instinet analyst Christopher Eberle lowered his price target for Adobe to $310 from $315 after the company's Q4 outlook came in below consensus on both revenue and earnings. Adobe cited underwhelming bookings momentum around both Marketo and Analytics Cloud subscriptions, though management noted that it was refocusing sales resources to capitalize on perceived pent-up demand across the broader Experience cloud, Eberle tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
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