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ADBE

Adobe

$262.25

2.15 (0.83%)

04:55
03/26/19
03/26
04:55
03/26/19
04:55

Adobe participates in a meeting with KeyBanc

Group Breakfast with 1:1s at the Adobe Summit will be held in Las Vegas on March 26 hosted by KeyBanc.

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    Apr

ADBE Adobe
$262.25

2.15 (0.83%)

03/15/19
BARD
03/15/19
NO CHANGE
BARD
Adobe price target raised to $300 from $290 at Baird
Baird analyst Rob Oliver maintained an Outperform rating on Adobe and raised his price target on shares to $300 from $290 after the company's Q1 earnings results. Oliver said the quarter was "overall solid" despite a "bit of noise." He continues to view Adobe as a "premier play on the Digital Transformation initiatives of global enterprises," and said the next catalyst for the stock is the Adobe Summit event in Las Vegas on March 26.
03/15/19
STFL
03/15/19
NO CHANGE
Target $325
STFL
Buy
Adobe investors should focus on positives after 'Rorschach' report, says Stifel
Stifel analyst Tom Roderick said in a post-earnings note titled "The Adobe Rorschach Test" that the company's Q1 earnings call "offered a little bit of everything for both supporters and detractors to chew on," though he believes investors should focus on the positives, such as the fact that growth, cash flows and margins still remain best in class. Still, given the stock's valuation, he said he expects "the Street will take a pause to focus on the negatives." Roderick keeps a Buy rating and $325 price target on Adobe shares.
03/15/19
03/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Market Perform from Outperform at BMO Capital with analyst Keith Bachman saying he believes Oracle can sustain ~2% constant currency revenue growth, but is "dubious" the company can improve its revenue growth rates. 2. Zillow (ZG, Z) downgraded to Underweight from Equal Weight at Barclays with analyst Deepak Mathivanan citing his expectations for a "material erosion" in unit economics in its Homes division, the operational challenges facing the company in buying, fixing up, and selling homes at scale and the fact that he thinks the company's efforts to slowly transition its core PA business closer to transaction will keep revenue growth muted in the near-term. 3. State Street (STT) downgraded to Hold from Buy at Deutsche Bank with analyst Brian Bedell saying he no longer sees any near- or intermediate-term positive catalysts for the stock given the likely continued revenue growth pressures this year. 4. Live Nation (LYV) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet saying he continues to like Live Nation's business model and long-term growth prospects, but he views the valuation as "full" at current share levels. 5. Adobe (ADBE) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brent Bracelin citing the company's fiscal Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
ARGS
03/18/19
NO CHANGE
Target $320
ARGS
Buy
Adobe Q1 'strong', but acquisition integration weighed on margins, says Argus
Argus analyst Joseph Bonner kept his Buy rating and $320 price target on Adobe after its Q1 earnings, saying the integration of its recent acquisitions has "weighed on operating margins" even though the results overall were strong. The analyst is positive on the company's position "at the center of the exploding market for digital video content and advertising creation and management", also raising his FY19 and FY20 EPS outlook by 6c to $7.85 and $9.77 respectively. Bonner adds that Adobe's forward enterprise value to EBITDA multiple of 24 is currently 25% below the peer average.

TODAY'S FREE FLY STORIES

TWNK

Hostess Brands

$14.14

0.21 (1.51%)

16:34
12/11/19
12/11
16:34
12/11/19
16:34
Initiation
Hostess Brands initiated  »

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DLHC

DLH Holdings

$4.39

0.34 (8.40%)

16:34
12/11/19
12/11
16:34
12/11/19
16:34
Earnings
DLH Holdings reports Q4 EPS 12c, two estimates 14c »

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    Dec

NDSN

Nordson

$167.47

1.72 (1.04%)

16:34
12/11/19
12/11
16:34
12/11/19
16:34
Earnings
Nordson reports Q4 EPS $1.79, consensus $1.79 »

Reports Q4 revenue $585M,…

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  • 12

    Dec

BKH

Black Hills

$77.19

0.55 (0.72%)

16:33
12/11/19
12/11
16:33
12/11/19
16:33
Hot Stocks
Black Hills' Wyoming utility receives approval for consolidation, rate increase »

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

16:32
12/11/19
12/11
16:32
12/11/19
16:32
Hot Stocks
Miragen Therapeutics announces Diana Escolar CMO, $20M stock purchase agreement »

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COT

Cott Corp.

$13.68

0.05 (0.37%)

16:32
12/11/19
12/11
16:32
12/11/19
16:32
Hot Stocks
Cott Corp. board approves share repurchase of up to $50M »

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R

Ryder

$51.38

-0.465 (-0.90%)

16:31
12/11/19
12/11
16:31
12/11/19
16:31
Hot Stocks
Ryder announces new 1.5M share repurchase program »

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  • 17

    Dec

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16:30
12/11/19
12/11
16:30
12/11/19
16:30
Options
Preliminary option volume of 17.3M today »

Preliminary option volume…

FVRR

Fiverr

$21.65

0.11 (0.51%)

16:28
12/11/19
12/11
16:28
12/11/19
16:28
Initiation
Fiverr initiated  »

Fiverr initiated with a…

03/08/13
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  • 12

    Dec

SMPL

Simply Good Foods

$27.89

-0.2 (-0.71%)

16:27
12/11/19
12/11
16:27
12/11/19
16:27
Initiation
Simply Good Foods initiated  »

Simply Good Foods resumed…

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AMRS

Amyris

$3.24

-0.09 (-2.70%)

16:25
12/11/19
12/11
16:25
12/11/19
16:25
Initiation
Amyris initiated  »

Amyris initiated with an…

03/08/13
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APT

Alpha Pro Tech

$3.36

-0.015 (-0.45%)

16:24
12/11/19
12/11
16:24
12/11/19
16:24
Hot Stocks
Alpha Pro Tech adds additional $2M to share repurchase program »

Alpha Pro Tech announced…

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

16:24
12/11/19
12/11
16:24
12/11/19
16:24
Hot Stocks
Miragen Therapeutics to cut Phase 2 SOLAR enrollment, focus pipeline on MRG-229 »

Miragen Therapeutics…

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NX

Quanex

$19.76

0.715 (3.76%)

16:23
12/11/19
12/11
16:23
12/11/19
16:23
Earnings
Quanex sees FY20 revenue $865M-$885M, consensus $911.52M »

Bill Griffiths, chairman,…

03/08/13
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  • 12

    Dec

PDSB

PDS Biotechnology

$2.85

0.05 (1.79%)

, MRK

Merck

$88.96

-0.12 (-0.13%)

16:23
12/11/19
12/11
16:23
12/11/19
16:23
Hot Stocks
PDS Biotechnology says Dr. Jared Weiss principal investigator in Versatile study »

PDS Biotechnology (PDSB)…

PDSB

PDS Biotechnology

$2.85

0.05 (1.79%)

MRK

Merck

$88.96

-0.12 (-0.13%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 11

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    Mar

ZTS

Zoetis

$123.61

0.82 (0.67%)

16:22
12/11/19
12/11
16:22
12/11/19
16:22
Hot Stocks
Zoetis raises quarterly dividend 22% to 20c per share »

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CVA

Covanta

$14.83

0.075 (0.51%)

16:22
12/11/19
12/11
16:22
12/11/19
16:22
Hot Stocks
Covanta to build new energy-from-waste facility in Zhao County, China »

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AIG

AIG

$50.42

-0.02 (-0.04%)

16:21
12/11/19
12/11
16:21
12/11/19
16:21
Hot Stocks
AIG extends tax asset protection plan »

American International…

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AB

AllianceBernstein

$28.81

0.065 (0.23%)

16:21
12/11/19
12/11
16:21
12/11/19
16:21
Hot Stocks
AllianceBernstein reports preliminary AUM $611B as of November 30 »

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NX

Quanex

$19.76

0.715 (3.76%)

16:21
12/11/19
12/11
16:21
12/11/19
16:21
Earnings
Quanex reports Q4 EPS 42c, consensus 38c »

Reports Q4 revenue…

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  • 12

    Dec

UTX

United Technologies

$147.29

1.91 (1.31%)

16:20
12/11/19
12/11
16:20
12/11/19
16:20
Hot Stocks
United Technologies names board members for future independent Carrier »

United Technologies…

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OSG

Overseas Shipholding

$1.80

-0.025 (-1.37%)

16:20
12/11/19
12/11
16:20
12/11/19
16:20
Hot Stocks
Overseas Shipholding, American Shipping extend tanker charters »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
12/11/19
12/11
16:20
12/11/19
16:20
Options
Closing CBOE SPX and VIX Index summary for December 11th »

The CBOE Volatility Index…

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UTX

United Technologies

$147.29

1.91 (1.31%)

16:19
12/11/19
12/11
16:19
12/11/19
16:19
Hot Stocks
United Technologies names board members for future independent Otis »

United Technologies…

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ASB

Associated Banc-Corp

$21.63

0.11 (0.51%)

16:19
12/11/19
12/11
16:19
12/11/19
16:19
Hot Stocks
Associated Banc-Corp Chief Credit Officer John Hankerd retiring in Q1 »

Associated Banc-Corp…

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