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Fly News Breaks for December 13, 2019
ADBE
Dec 13, 2019 | 09:34 EDT
BMO Capital analyst Keith Bachman raised his price target on Adobe to $358 and kept his Outperform rating after its better than expected Q4 results, with increasing margins, modest revenue upside, and a positive surprise in annualized recurring revenues. The analyst remains confident in the company's ability to deliver ongoing earnings upside given its success in developing the "next-generation digital marketing hub".
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