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Fly News Breaks for December 11, 2019
ADBE
Dec 11, 2019 | 07:36 EDT
Cowen analyst J. Derrick Wood raised his price target on Adobe to $305 from $295 ahead of Q4 results on December 12. The analyst said his Digital Media partner survey showed an up-tick in growth performance during Q4 which bolstered his confidence in the company's ability to execute. He believes some of the upside is already in the shares as the company recently raised its guidance. Wood reiterated his Outperform rating on Adobe shares.
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