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Fly News Breaks for January 9, 2020
ADBE
Jan 9, 2020 | 16:52 EDT
Jefferies analyst Brent Thill maintained a Buy rating on Adobe, and raised his price target on shares to $390 from $370. The analyst said he likes Adobe's superior fundamentals, 20%+ top line growth, and added that the company's multiple is warranted due to its high quality and recurring revenues.