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Fly News Breaks for November 5, 2019
ADBE
Nov 5, 2019 | 09:36 EDT
RBC Capital analyst Alex Zukin raised his price target on Adobe to $345 and kept his Outperform rating after its in-line Q4 guidance and above-consensus FY20 outlook for Digital Media recurring revenue. The analyst further cites Adobe management's focus on incremental margin contribution from its Digital Experience segment, stating that the company is confident about the business and adding that he expects a "leadership announcement there soon".
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