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ADBE

Adobe

$175.00

-1.83 (-1.03%)

05:03
12/15/17
12/15
05:03
12/15/17
05:03

Adobe price target raised to $202 from $177 at Citi

Citi analyst Walter Pritchard raised his price target for Adobe Systems to $202 saying last night's were strong where they needed to be. Adobe posted very solid Digital Media results and renewed stability in Digital Marketing, Pritchard tells investors in a post-earnings research note. He expects the company can compound earnings and cash flow 20% annually over next three years and keeps a Buy rating on the shares.

ADBE Adobe
$175.00

-1.83 (-1.03%)

12/15/17
LEHM
12/15/17
NO CHANGE
Target $193
LEHM
Overweight
Adobe price target raised to $193 from $181 at Barclays
Barclays analyst Saket Kalia raised his price target for Adobe Systems to $193 citing last night's "strong" Q4 results. The analyst believes tax reform could be positive for the company and keeps an Overweight rating on the shares.
12/13/17
BOFA
12/13/17
NO CHANGE
Target $220
BOFA
Buy
Adobe price target raised to $220 from $213 at BofA/Merrill
BofA/Merrill analyst Kash Rangan raised his price target for Adobe (ADBE) to $220 from $213 ahead of quarterly results. The analyst notes that investors are concerned that the company is losing to competition especially Salesforce (CRM) but marketing growth is not as strong a driver for stock price as digital media growth and profitability metrics are. His channel checks suggest that Adobe is still leader in B2C and is becoming more relevant in B2B. Further, he adds that he could see an e-commerce related acquisition in the future that can consolidate B2B position. Rangan reiterates a Buy rating on Adobe's shares.
12/13/17
MSCO
12/13/17
NO CHANGE
Target $186
MSCO
Equal Weight
Adobe price target raised to $186 ahead of Q4 earnings at Morgan Stanley
Morgan Stanley analyst Keith Weiss previewed Adobe's Q4 earnings report, stating that his channel checks with partners signal strong demand trends with healthy Creative Cloud renewal rates and solid traction in Document Cloud. Updating his forecast to include EPS growth of over 20% into FY19 leads Weiss to raise his price target on Adobe shares to $186 from $155. He maintains an Equal Weight rating on the stock ahead of the company's Q4 report, scheduled for Thursday, December 14.
12/12/17
12/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Juno Therapeutics (JUNO) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Jim Birchenough saying that while data for JCAR017 continue to support a potential best-in-class profile in aggressive lymphoma, the current valuation already reflects dominant market positioning over Gilead's (GILD) Yescarta. 2. General Dynamics (GD) downgraded to Underweight from Neutral at JPMorgan, with analyst Seth Seifman saying Gulfstream questions are unlikely to be resolved in the near term. Demand for G500/600 is ok for now, but uncertainty about ultimate production levels and the pace of the learning curve mean the transition will remain a near term overhang, the analyst said. Seifman also downgraded Raytheon (RTN) to Neutral from Underweight. 3. Adobe (ADBE), Barracuda (CUDA), GoDaddy (GDDY), Fortinet (FTNT) and Check Point (CHKP) downgraded to Neutral from Overweight and CoStar Group (CSGP), Imperva (IMPV) and Monotype Imaging (TYPE) downgraded to Underweight from Overweight at JPMorgan by analyst Sterling Auty in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. 4. Spark Therapeutics (ONCE) downgraded to Neutral from Buy at UBS, with analyst Carter Gould seeing a "challenging setup" for the shares after the Phase 1/2 SPK-8011 data in hemophilia A fell short of expectations. The analyst removed SPK-8011, or $29 per share, and early-stage pipeline value, or $12 per share, from his model. He finds it difficult to be more constructive on Spark shares in the near-term. 5. Electronic Arts (EA) downgraded to Buy from Conviction Buy at Goldman Sachs by analyst Christopher Merwin to reflect fewer near-term catalysts around in-game monetization of non-sports titles. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CAT

Caterpillar

$168.90

0.4 (0.24%)

, ROSE

Rosehill Resources

$7.96

0.01 (0.13%)

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CAT

Caterpillar

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ROSE

Rosehill Resources

$7.96

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ARNA

Arena Pharmaceuticals

$34.36

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EA

Electronic Arts

$113.14

1.22 (1.09%)

ATVI

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BBU

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SYMC

Symantec

$27.52

-0.35 (-1.26%)

, JUNO

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23.65 (51.86%)

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On The Fly: Top five analyst downgrades »

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SYMC

Symantec

$27.52

-0.35 (-1.26%)

JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

CMCSA

Comcast

$41.68

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FSLR

First Solar

$72.00

0.78 (1.10%)

CVX

Chevron

$131.82

-0.54 (-0.41%)

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WMT

Walmart

$103.89

1.19 (1.16%)

, HTZ

Hertz

$22.39

1.33 (6.32%)

10:39
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WMT

Walmart

$103.89

1.19 (1.16%)

HTZ

Hertz

$22.39

1.33 (6.32%)

ALRM

Alarm.com

$38.27

1.26 (3.40%)

PPL

PPL Corp.

$31.80

0.23 (0.73%)

FLR

Fluor

$59.27

1.14 (1.96%)

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EXAS

Exact Sciences

$47.68

-5.27 (-9.95%)

10:38
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Conference/Events
Exact Sciences management to meet with William Blair »

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UCTT

Ultra Clean

$24.98

1.32 (5.58%)

10:36
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Ultra Clean rating change  »

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  • 18

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BHP

BHP Billiton

$49.15

-0.29 (-0.59%)

10:35
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BHP Billiton considers options for U.S. shale unit »

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MNK

Mallinckrodt

$21.19

-1.095 (-4.91%)

10:35
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Options
Mallinckrodt put volume heavy and directionally bearish »

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TOL

Toll Brothers

$52.28

0.21 (0.40%)

10:34
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01/18
10:34
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Conference/Events
Toll Brothers management to meet with MKM Partners »

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  • 19

    Jan

EXEL

Exelixis

$27.49

-2.16 (-7.29%)

, IPSEY

Ipsen

$34.14

2.95 (9.46%)

10:31
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01/18
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Conference/Events
Exelixis and Ipsen co-host a financial community briefing »

Exelixis and Ipsen…

EXEL

Exelixis

$27.49

-2.16 (-7.29%)

IPSEY

Ipsen

$34.14

2.95 (9.46%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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10:30
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General news
EIA natural gas storage change for week ending January 12 »

Gas inventories 183 Bcf…

TIVO

TiVo

$14.50

0.1 (0.69%)

, GOOGL

Alphabet Class A

$1,139.10

8.4 (0.74%)

10:26
01/18/18
01/18
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10:26
Hot Stocks
TiVo rises amid expanded patent license agreement with Google »

Shares of TiVo (TIVO) are…

TIVO

TiVo

$14.50

0.1 (0.69%)

GOOGL

Alphabet Class A

$1,139.10

8.4 (0.74%)

GOOG

Alphabet

$1,131.98

10.22 (0.91%)

T

AT&T

$37.33

0.48 (1.30%)

SNE

Sony

$49.09

-0.73 (-1.47%)

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SNAP

Snap

$13.84

0.315 (2.33%)

, FB

Facebook

$177.60

-0.79 (-0.44%)

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Conference/Events
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SNAP

Snap

$13.84

0.315 (2.33%)

FB

Facebook

$177.60

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GOOG

Alphabet

$1,131.98

10.22 (0.91%)

GOOGL

Alphabet Class A

$1,139.10

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TWTR

Twitter

$23.90

-0.66 (-2.69%)

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DIS

Disney

$111.57

-0.4 (-0.36%)

, VIA

Viacom

$37.85

0.95 (2.57%)

10:25
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DIS

Disney

$111.57

-0.4 (-0.36%)

VIA

Viacom

$37.85

0.95 (2.57%)

TWX

Time Warner

$92.36

0.1916 (0.21%)

CMCSA

Comcast

$41.68

-0.14 (-0.33%)

SPB

Spectrum Brands

$123.47

-1.69 (-1.35%)

DISH

Dish

$45.45

-2.54 (-5.29%)

NFLX

Netflix

$217.50

-4.03 (-1.82%)

AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

03/08/13
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MDXG

MiMedx

$14.09

0.15 (1.08%)

10:25
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Conference/Events
MiMedx to hold a conference call »

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Conference/Events
Morgan Stanley healthcare analysts hold an analyst/industry conference call »

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JNPR

Juniper

$28.15

-0.52 (-1.81%)

10:20
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Call buyer on weakness in Juniper Networks »

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10:20
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General news
Today's U.S. reports »

Today's U.S. reports…

ERIC

Ericsson

$7.34

0.4 (5.76%)

, BCE

BCE

$46.36

-0.1301 (-0.28%)

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Ericsson to power Bell Canada's next-generation multiscreen TV services »

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ERIC

Ericsson

$7.34

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BCE

BCE

$46.36

-0.1301 (-0.28%)

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$NSD

NASDAQ Market Internals

10:17
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NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

10:16
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NYSE market internals summary »

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AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

10:16
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Amazon names 20 finalists in race for second headquarters »

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10:15
01/18/18
01/18
10:15
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General news
Breaking General news story  »

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TLT

iShares 20+ Year Treasury Bond Fund

$124.87

-0.17 (-0.14%)

10:10
01/18/18
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Options
Defensive option play in iShares Longer-term Bond Fund »

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10:10
01/18/18
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10:10
01/18/18
10:10
General news
Treasury Option Action: heavy call positioning »

Treasury Option Action:…

LGF.A

Lionsgate

$33.69

1.41 (4.37%)

, CBS

CBS

$59.73

0.83 (1.41%)

10:05
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Hot Stocks
Lionsgate jumps after report on potential takeover interest »

Shares of Lionsgate…

LGF.A

Lionsgate

$33.69

1.41 (4.37%)

CBS

CBS

$59.73

0.83 (1.41%)

CBS.A

$59.79

0.75 (1.27%)

VIA

Viacom

$37.85

0.95 (2.57%)

VIAB

Viacom

$31.96

0.58 (1.85%)

AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

VZ

Verizon

$52.68

0.955 (1.85%)

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