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Fly News Breaks for December 13, 2019
ADBE
Dec 13, 2019 | 07:30 EDT
Stifel analyst Tom Roderick price raised his price target on Adobe shares to $350 from $325 following the company's Q4 earnings report, which he called a "reminder" that Adobe is much more "aircraft carrier" than "leaky sailboat." Since reporting some unexpected challenges in Experience Cloud in September the company has been able to turn things around in that segment in a rapid manner, Roderick stated. He keeps a Buy rating on Adobe shares.
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